Live in Style at COCHA

To become a member, to have the privilege of 1 vote, and to qualify for a suite, you are required to invest: 

• $1,000 for 1,000 equity shares, if signing for a one-bedroom unit, OR  
• $1,500 for 1,500 equity shares, if signing for a two-bedroom unit, AND  
• One month housing charge levied for Cleaning and Damage deposit.  

Share certificates are issued for all shares.  All shares are redeemable, normally within a 15 day period of vacating the unit.  Shares are automatically transferable between husband and  wife in case of demise.  

These funds are carefully invested and help to stabilize our  financing.  In that they assist to keep our costs low, there is NO INTEREST earned on shares.  

Control and use of the share capital is at the discretion of the Board of Directors  under Rules filed with the B.C. Government.  A housing agreement based on sound business principles and “good housekeeping” must be  signed.  

This co-op contains 

• 14 single bedroom units, all located on ground level (Brighton Manor, Carlyle Court, Dresdon Court).  
• 13 two-bedroom suites contained in Fernwood Manor – 6 are located on the ground level and 7 are located on the balcony (2nd floor) level.  
• 4 townhouse-style units with the two bedrooms on the second floor (Eldorado Court) providing roomy privacy with front and back entrances.  
• Additionally, there are four townhouse-style units with basements (Allison Court). 

Monthly housing charges are determined, and may be adjusted, by the board.  These charges cover most of the operational costs of the co-op.  Member/shareholders are responsible for their own hydro, telephone, and cable costs, etc.

A cleaning/damage deposit of one month housing charge is taken when a member moves in and is refunded (with a nominal amount of interest) at the time of vacating the unit, depending on the good repair and cleanliness of the suite.

As a member, you are expected to assist with the maintenance, snow removal, weeding, and general upkeep of the co-op and grounds.

No animals or pets of any kind are allowed to reside in the Co-op. Pet-sitting by a member on a short term basis (up to 2 weeks) is allowed but such pets shall not be kept in a member’s premises without the prior written consent of the Directors. 

Visiting pets must always be kept under the member’s control. 

The turn-over rate at this co-op is very low, averaging only 2 – 4 vacancies per year.  

If you find alternative housing before you are able to move in to this co-op, we would appreciate it if you would let us know if you would like your application kept on file or removed from the waiting list.