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Exercises · Q6

Q.Distinguish between a tenant-ownership housing society and a tenant-co-partnership housing society.

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The two types can be distinguished on several points:

BasisTenant-Ownership SocietyTenant-Co-partnership Society
Ownership of landHeld (or leased) by the societyOwned by the society
Ownership of house/flatThe individual member owns his houseThe society owns the flat
What is allottedA developed plot on which the member buildsA ready-built flat
Member's statusOwner of his own houseTenant-owner (tenant co-partner) of the society's flat
Where commonSuits members who want independent housesThe commonest type in towns and cities

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