Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Proprietary Lease
Fannie Mae
Updated 10-31-2026
Proprietary Lease
A lease that a co-op corporation gives to a tenant-stockholder to cover the unit that they will occupy. The lease is called proprietary because the tenant-stockholder is both a shareholder in the landlord co-op corporation and a tenant under the lease.
Fannie Mae Glossary of Terms
Fannie Mae · p. 39
FreddieMac
Updated 10-31-2026
Proprietary Lease
A contract or occupancy agreement between the Cooperative Corporation and Shareholder that sets the conditions for a Shareholder's right to occupy a specific Cooperative Unit, also referred to as an occupancy agreement.
FreddieMac Glossary
FreddieMac · p. 35
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