Briarcrest Estates  –  A Resident-Owned Community
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What is a resident-owned community?

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  • In a resident-owned community, tenants form a not-for-profit corporation, called a cooperative (co-op).
  • Each household is a member of the co-op and an equal owner of the land. As a group, the residents own the land and manage the community. 
  • The members continue to own their own homes individually.
  • There are many benefits to living in a community like this one, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (Members are not personally liable for community loans.), and a strong sense of community. Everyone has a say in the way the park is run, and major decisions are made by democratic vote.

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