Proprietary Lease
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
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 · pp. 39–42
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