Fresh membership in cooperative housing society

Swaty Gupta (Querist) 06 December 2020 This query is : Resolved
Respected experts,

In our cghs which is tenant copartnership society, the flats were originally allotted in 1993. Two of those flats couldn't be alloted due to some disputes which took many years to settle. All this time, the flats were in society's custody and laid unused. Now, all disputes are settled and the society wishes to allot fresh memberships against these flats. As it is going to be a lease agreement between the member and society, what should be the price of these Memberships? The society holds a perpetual lease for the land and in turn issued lease agreements to its original allottees.
How is the price of such membership to be ascertained? Thanks

Swaty Gupta

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Quick Summary

A cooperative housing society, established in 1993, has two unallotted flats due to past disputes. Now that the issues are resolved, the society wants to offer fresh memberships for these flats. The question is how to determine the price for these new memberships, considering the society holds a perpetual lease on the land and originally issued lease agreements to members. Advice suggests adhering to bylaws for initial pricing and consulting local legal experts.

Rajendra K Goyal (Expert) 06 December 2020
Charges / cost / amount depend on bye laws / custom etc. May discuss with some local Advocate for other details.

Isaac Gabriel (Expert) 06 December 2020
As per bylaws, frsh allottments to be made based on the initial price. The members in priority list to be allotted. No extra cost for the period for which it was vacant should be collected.

kavksatyanarayana (Expert) 06 December 2020
Yes. Agreed with the above learned-experts.

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