Villa of € 605,500 without VAT, sale in a cooperative that is, you will pay share capital: € 3,300 + signing the contract € 15,000 + payment of the purchase of the land 20% = € 106,100 + 18 accounts of € 1,682
75% are € 454,125 loan WHAT IS A HOUSING COOPERATIVE?
In short, a housing cooperative is a group of people who basically share the need for a home and come together to access it through self-promotion, under the best possible quality and price conditions. What differentiates and supposes the main characteristic of a cooperative is the absence of commercial profit motive, since its main purpose is the acquisition by its members of a house at a strict cost price. In addition, they are also characterized by being strictly participatory societies. Without the participation of the member, the cooperative would be denatured.
HOW IS A COOPERATIVE FORMED AND STARTED?
From the legal point of view, the formal constitution of a cooperative is a decision that corresponds to a group of people (minimum 4) who, fulfilling the legal and statutory requirements to be members, agree in assembly the constitution of the new entity, or notarize the public deed of incorporation. However, in practice, the initiative is usually driven by another entity.
Among the two most common cases are cooperatives created by groups (companies, unions, professional associations, neighborhood associations, etc.) and cooperatives created by managers.
As a general rule, as the partners do not have the technical knowledge necessary to carry out the end of the constitution of their homes on their own, the cooperative must seek the help of a series of professions that provide technical assistance (architects, technical architects , engineers), economic (financial, accounting, tax) and legal (lawyers)
WHAT IS AND HOW DOES A COOPERATIVE MANAGER WORK?
The manager is normally a commercial company that provides its global or comprehensive management and advisory services to the cooperative in exchange for financial consideration. The management company is at the service of the cooperative, not the other way around. In any case, the prestige, solvency and professionalism of the management company become the maximum guarantee for the success of any promotion and, therefore, it is essential to take these factors into account when hiring the services of a company. of this type.
This info given here is subject to errors and do not form part of any contract. The offer can be changed or withdrawn without notice. Prices do not include purchase costs.