The Highlands Homeowners Corporation

This entry was last updated on August 01, 2016
Meet the neighbors:

http://www.highlandsrc.com/resources/what-is-a-co-op

Cooperative homeowners own a share of stock in the cooperative that leases and maintains the property. Each shareholder is entitled to occupy a specific unit and entitled to participate in the cooperative based on governing documents designed for collective strength and stability. The documents provide ownership structure, collective and individual responsibilities, management and budget guidelines, rules and regulations, all designed to protect the appearance, value and continuity of The Highlands.

Homeowners pay a monthly contribution that covers their proportionate share to the expense of operating the entire cooperative, including property taxes, management, maintenance, insurance, utilities and contributions to reserve funds.

The Highlands’ homeowners are represented by a Cooperative Board of Directors, made up primarily of residents who have very similar lifestyle goals and share in the collective decision-making process that governs the cooperative. There are currently six Cooperative Boards of Directors at The Highlands. The cooperatives provide the structure and platform to ensure well-maintained, financially stable housing in a beautifully landscaped environment.

See http://www.highlandsrc.com

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