Exercises · Q6
Q.Distinguish between a tenant-ownership housing society and a tenant-co-partnership housing society.
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Start your 14-day free trial to unlock the full solution →The two types can be distinguished on several points:
| Basis | Tenant-Ownership Society | Tenant-Co-partnership Society |
|---|---|---|
| Ownership of land | Held (or leased) by the society | Owned by the society |
| Ownership of house/flat | The individual member owns his house | The society owns the flat |
| What is allotted | A developed plot on which the member builds | A ready-built flat |
| Member's status | Owner of his own house | Tenant-owner (tenant co-partner) of the society's flat |
| Where common | Suits members who want independent houses | The commonest type in towns and cities |
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