Same as cooperative, except mortgage payments and taxes are paid directly to the lender. Move-in Cost New members buy their share in the cooperative and also pay the first monthly charge in advance. Usually one month's rent is paid as a security deposit, plus the first month's rent. Community Control Co-op resident members elect their board of directors, which decides all policy matters. The Board usually sets up several committees to help run the community.
Renters usually have no voice at all in establishing and maintaining community standards.
Individual owners have no jurisdiction over their neighbors. Condo owners, like cooperatives, elect a board of directors. Community Service Co-ops provide a natural base for service and activity desired by its members. Provided at discretion of landlords. On your own.