MLchartDataset catalogue

Proprietary lease

Term · Law · MLC-T-LAW-003977

A lease agreement granted to a shareholder in a cooperative housing corporation, allowing them to occupy a specific unit within the building. Unlike a traditional lease, it is tied to the ownership of shares in the co-op rather than direct ownership of the real estate. The lease outlines the rights and responsibilities of the shareholder-tenant.

Table 1. Record
IdentifierMLC-T-LAW-003977
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003977",
  "term": "Proprietary lease",
  "field": "Law",
  "definition": "A lease agreement granted to a shareholder in a cooperative housing corporation, allowing them to occupy a specific unit within the building. Unlike a traditional lease, it is tied to the ownership of shares in the co-op rather than direct ownership of the real estate. The lease outlines the rights and responsibilities of the shareholder-tenant.",
  "url": "https://mlchart.com/terminology/law/proprietary-lease/"
}

Record 4,023 of 5,441 in Law terminology (MLC-0107). Request the full dataset.