Fernwood Glen-
new in 2006

"Becketwood has gone through its adolescence and is now mature. Our main goal is to keep the growth, the progress. We're right on target."
- George M.
What is a Cooperative?
Owning a membership in a housing cooperative is different from owning a condominium. In a condominium, each owner has legal title to an individual unit and an interest in the common spaces of the condo building. In a cooperative, a member holds title to a share of the entire project.

Governance of the cooperative is vested in a democratically elected board of directors. Each membership is entitled to one vote in the affairs of the cooperative.

 

Becketwood is a Member-owned, self-governed, market-rate cooperative. Becketwood's return on investment is determined by the market value appreciation of the total unit value, which is the amount the Member pays when he or she purchases a membership. In addition to the original cost of the membership share, members pay a monthly association fee.