What Is a Housing Co-op?
What makes co-ops so different?
Why would you want to be involved?
Why are members called members and not tenants?
So What is a Co-operative?
A cooperative (“coop”) or co-operative (“co-op”) is an autonomous association of people who voluntarily cooperate for their mutual social, economic, and cultural benefit.
Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services (a consumer cooperative) or by the people who work there (a worker cooperative) or by the people who live there (a housing co-operative).
Sensible is a housing cooperative: our members come together and cooperate to manage their own housing. There are no middle men and no landlords in the traditional sense. A Housing Co-operative is a housing provider where members, democratically manage their own homes. When members join the co-operative they pay a one-off membership fee of £1. They then become a joint owner of all of the co-operative along with all of the other members until that member leaves.