A Cooperative is a non-profit corporation.The Corporation is financed by a single overall mortgage on the community and no second mortgages are allowed.This non-profit corporation sells shares equal to the number of units on the property to qualified, approved individuals.They then are members of Bretton Village Cooperative through this share purchase.Subsequently, based on the size and type of his/her unit, each owner-member pays a monthly charge to the Corporation.From these monthly charges are taken the community over all mortgage payments, all gas utilities for heating, cooking, hot water, all water and sewage charges, exterior maintenance, interior maintenance (electrical, plumbing, and appliances belonging to the Cooperative), use of the recreational facilities and accruing of a reserve fund for emergencies.In other words, all of your housing expenses except electricity, telephone, cable TV and interior decorating.