Due to the structure of cooperative ownership, you own a pro-rata share of the entire community including common elements. In our 974 lot community, the participants own 1/974 share of the entire real estate in our community
What is a “share” worth at La Casa?
HOMEOWNERS ASSOCIATION OF LA CASA, INC.
2022 Share Prices / Value
| LOT CATEGORY | PRICE / VALUE |
| Inside | $64,800 |
| Inside corner | $67,200 |
| Clubhouse | $67,200 |
| Clubhouse corner | $69,600 |
| Lake | $72,000 |
| Lake Corner | $74,400 |
| Canal | $107,400 |
What are my voting rights in the residential cooperative?
The owner of each membership certificate shall be entitled to one vote. If an owner owns more than one membership certificate, he/she shall be entitled to one vote for each certificate. Each membership certificate’s vote shall not be divisible. More detailed information can be found in Section 2.2, VOTING of the By-laws, Exhibit “4″ of the Prospectus.
What restrictions exist for the leasing, renting, or family use of my home?
The shareholder shall not sublet the whole or any part of the Unit nor renew or extend any previously authorized sublease unless consent is authorized by the HOA Board of Directors. More information can be found in Section 16, Exhibit “7″ of the Prospectus.
The unit may be rented or used by family members when the owner is not in residence. Specifications governing this can be found in the Rules and Regulations.
La Casa Real Estate does not have information regarding homes for rent in the park.
Do I have to buy a share?
There are some homes that are not attached to a share, so there are two options for these homes.
The buyer may purchase the home with membership, paying for the membership/share in full. Your share would pass to the next buyer along with the home, and that buyer would then pay only the established Cooperative Fee rather than rent, just as you did.
If you choose a home not tied with a share, monthly lot rent is charged at market price, and subject to increases tied to the Consumer Price Index each year.