Shares – A Form of Property Ownership in Doral

 Doral Village is a “cooperative” which is a common method of property ownership in resident owned mobile home parks in Florida.

 A cooperative involves resident members owning shares in the corporation. Approximately 57% of the resident home owners in Doral own shares. The balance of the residents are tenant home owners who own their home, but rent the lot from the cooperative.

 Share holders have an ownership stake in the cooperative, are entitled to vote on cooperative issues and can hold office, if elected, to the cooperative board of directors. Tenants do not have ownership interests, cannot vote on cooperative issues, and cannot be elected to the cooperative board of directors. Both tenants and share-holders are entitled to the many amenities and activities in the park.
 

 Securing Shares

 Many re-sale homes for sale have shares attached to the home and the share becomes part of the home price and will transfer to the new owner.

 At times, Shares are also available to purchase from the cooperative. The current price of new shares is $36,000.

 One of the major benefits of owning a share is that monthly assessment fees paid by residents are:

 

Share Holders                        $163.00 per month

 Tenants                                  $446.00 per month

 
The monthly assessment for both share holders and tenants includes:

      -         Water/sewer

-         Twice a week trash pick-up

-         Lawn service

-         Basic cable
 

 Plus the use of all amenities and activities in the park