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MEMBERSHIP
Membership
a) To become a Member of the Co-op, that person’s application for membership must be approved by the Board and that person must occupy a unit within the Co-op.
b) Membership shall be open to all who are in agreement with the aims and objectives of the Co-op.
Qualifications of Membership
To become a Member of the Co-op, an applicant must be sixteen (16) years or older. The Co-op may have other by-laws stating qualifications that applicants must have. Refer to the Occupancy By-law.
Applying for Membership
a) Persons must apply for membership in writing in a form that the Co-op provides.
b) Persons in a Member’s household who turn sixteen can apply for membership in the Co-op. The application must be signed by all Co-op Members in the household. If persons who turn sixteen do not apply for membership or are not accepted as Members, they will automatically be considered Long-Term Guests. A long-term guest agreement is not necessary.
c) New Members must
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sign the Occupancy Agreement
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pay the application fee as outlined in the Occupancy By-law
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pay the maintenance deposit as outlined in the Occupancy By-law
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pay the first month’s and last month’s housing charge
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pay any other deposits related to other policies and by-laws as may be from time to time adopted
d) The Board may require a new Member to have a co-signer or to make other special financial arrangements
e) If Long-Term Guests are permitted as part of an applicant’s household, the Long-Term Guests and the Member must sign a long-term guest agreement as outlined in the Occupancy By-law.
Transfers and Withdrawals
a) Members cannot transfer their membership to any other person. Rules that apply to withdrawing from membership are in the Act and the Occupancy By-law.
b) Membership ends when a Member dies or ceases to occupy a unit.