There are two types of home ownership in Four Seasons Estates. The first type is “Lease holders.” Lease holders own their homes and lease their lot from the the Co-Op for a monthly fee. Leaseholders pay a monthly fee to the Co-Op.
The second type is the “shareholders”. Shareholders also own their home, plus they also bought a “share” in the Co-Op, becoming part owners of the community properties. Share price in Four Seasons Estates ROC, Inc. is $55,000. The shares are specific to their lots and qualify the homeowner’s property to become real estate for tax purposes. Shareholders pay a significantly lower amount per month.
There are generally a few of a third type, the “renters,” who own neither the home nor the lot. They generally are “short-timers”, such as wintering vacationers. They pay whatever rent is set by their individual landlords directly to their landlords, not to the Co-Op.
Whether you become a leaseholder, a shareholder or a renter we welcome you to Four Seasons Estates and all the activities we offer.