Tenant Owners' Society
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF170
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF170
|
| Language-specific name. Monolingual name | Tenant Owners' Society (en) |
| Language-specific short name. Monolingual short name | Tenant Ow.Soc. (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A cooperative organization formed by individuals who collectively own and manage a residential building or property. Tenant owners' societies enable residents to share ownership, responsibilities, and decision-making related to the common areas and maintenance of the property. Each tenant owner typically owns shares or has the right to occupy a specific unit while collectively participating in the management and governance of the society. Tenant owners' societies foster a sense of community and provide an avenue for collective decision-making and property management. |