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Glossary > C
Liquid funds, including loan proceeds, controlled by the Cooperative Organization to cover operating and capital expenses, and comprised of unrestricted cash, less the sum of accounts…
Glossary > C
Corporation or legal entity where each shareholder or equity owner is granted the right to occupy a unit in a multifamily residential property under a proprietary lease or occupancy…
Glossary > C
Multifamily residential property owned by a Cooperative Organization.…
Synonyms: Co-op, Cooperative
Synonyms: Co-op, Cooperative
Glossary > M
National Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code) (42 USC 5401 et seq) and the Manufactured Home Construction and Safety Standards (24 CFR Part 3280), as…
Glossary > T
MH Site Lease with the Homeowner or tenant of a Manufactured Home with: a 1-year renewable (at the MH Site Lease tenant’s election) lease term, unless good cause for nonrenewal exists; a minimum 30-day written notice of rent increases; 5-day minimum grace…
Glossary > C
Person who invested in, converted, or is converting a residential rental apartment building to a Cooperative Property and continues to own unsold shares in the Cooperative…
Glossary > C
Borrower consisting of tenants-in-common that own the Property in equal or unequal shares.…
Synonyms: Co-Tenant Borrowers
Synonyms: Co-Tenant Borrowers
Glossary > T
Amounts for taxes, insurance, and other charges assessed against or owing on the Property which you deem necessary to protect the Property and/or prevent Liens imposed on…
Synonyms: T&I Imposition
Synonyms: T&I Imposition
Glossary > C
Approved loss mitigation activities for Non-Performing Mortgage Loans.…
Synonyms: Courses of Action
Synonyms: Courses of Action