Proprietary lease 2025

Get Form
what is a proprietary lease Preview on Page 1

Here's how it works

01. Edit your what is a proprietary lease online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send sample proprietary lease for co op via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out proprietary lease with our platform

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open the proprietary lease in the editor.
  2. Begin by filling in the name of the Assignee and their address in the designated fields. Ensure accuracy as this information is crucial for identification.
  3. Next, enter the date of the Assignment and the name and address of the Assignor. This establishes a clear connection between all parties involved.
  4. In the section regarding the Corporation, input its name, state of incorporation, and principal office address. This identifies who is granting the lease.
  5. Fill in details about the premises covered by the Lease, including its address and any specific name it may have. This clarifies what property is being leased.
  6. Review and complete any additional covenants or conditions required under the Lease terms. Make sure to acknowledge your agreement to these terms.
  7. Finally, ensure all signatures are collected from relevant parties including witnesses and a Notary Public if required. Use our platform’s signature feature for convenience.

Start using our platform today to streamline your proprietary lease process for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
The Proprietary Lease is the signed agreement between the corporation and its shareholder(s), which clearly spells out the obligations of each side in the relationship.
Owning shares gets you a proprietary lease, which is a form of a residential lease. That means landlord-tenant law will govern the relationship between shareholders like yourself and the co-op.
The Proprietary Lease entitles the Share owner(s) to occupy a specific apartment in the building, ing to the terms of the Proprietary Lease and the House Rules. The Lease, like any other rental agreement, does not signify ownership of the apartment.
Unlike a regular lease, which gives a tenant the right to occupy a residence for a specified period, a proprietary lease gives a tenant the right to occupy a unit for as long as they own shares in the corporation.
A proprietary lease is a lease between a cooperative apartment association and a tenant that carries with it the right to occupy a specific apartment. [Last reviewed in July of 2021 by the Wex Definitions Team ]
be ready to get more

Complete this form in 5 minutes or less

Get form