return to list of questions) 5. How does being a member in a co-op differ from being a tenant?
• Co-op members By-laws are the rules that govern co-ops, and are established and agreed upon by each co-op community. Under this system, co-op members • Co-ops are governed by its Board of Directors and membership. The Board’s decision-making is always informed and bound by the co-op’s bylaws. • Members have a say in the financial management of their co-op by voting on the annual budget. Housing charges and the allocation of funds for maintaining the co-op are established by the budget. By voting, members affect decisions that impact them directly, both financially and in terms of the quality of their housing.
