If we become a Cooperative, who determines the amount of monthly carrying charges?
Monthly carrying charges will go towards paying the park mortgage, property taxes, utilities, insurance, and other services. The cost of monthly carrying charges will depend on several factors, including the annual cost of maintaining the park and the mortgage. The Occupancy Agreement replaces the member's previous lease agreement with the prior owner. Non-members continue to pay rent to the Cooperative per the terms of their existing lease agreements.