Vida Lea Cooperative – A Resident-Owned Community
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What is a resident-owned community?

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Our board members celebrate the purchase of Vida Lea in 2011.
• In a resident-owned community, tenants form a not-for-profit corporation called a cooperative. 
• Each household is a member of the cooperative and an equal owner of the land. As a group, the cooperative owns the land and manages the community. 
• The members continue to own their own homes individually.
• There are many benefits to living in a cooperative, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (members are not personally liable for co-op loans), and a strong sense of community. Everyone has a say in the way the park is run, and major decisions are made by democratic vote.


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Copyright © 2013 Vida Lea • 44221 McKenzie Hwy. • Leaburg, OR • 97489 • 541.896.3898