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Frequently Asked Questions
A housing cooperative is a type of homeownership where residents purchase a share in a corporation that owns the property. This share gives you the right to live in a specific unit and take part in community decisions.
You own a membership in the cooperation here, the cooperation owns the property and grounds. As a membership owner your vote is cast for our board of directors. The board then makes the major decisions on the property.
You may a carrying charge fee monthly that includes your water, sewer, and trash. This ranges based on your size of unit. Find information about unit pricing by clinking here.
Yes, you pay your membership fee for the unit. Each unit size has a different value. Find information about that here.
The cooperative is responsible for the maintenance of the grounds and the building exteriors. The cooperative also provides repairs and maintenance to the interiors of the townhouses, except redecorating.
Earn a $200 referral bonus for every friend or family who joins our community.
$200 REFERRAL BONUS
A Community Built on Cooperation
Established in 1966, Independence Square Townhouses, Inc. is a welcoming, affordable housing cooperative located in Independence, Missouri, proudly managed by FirstService Residential.
Cooperative living offers a unique opportunity to enjoy the benefits of a close-knit community while having a voice in its future. Unlike traditional renting, members purchase a share in the cooperative and contribute monthly toward the operation, maintenance, and improvement of the property. This shared investment encourages community pride, responsibility, and long-term stability.
At Independence Square, we believe that a successful community is built on trust, respect, communication, and teamwork. Our dedicated management team is committed to providing professional service, maintaining a safe and attractive environment, and working alongside members and the Board of Directors to support the continued success of our cooperative.
Independence Square Townhouses — Where Community Comes First.
Benefits of Co-op Living
- Affordable Housing:Cooperative living offers an affordable alternative to traditional homeownership and renting. Members share operating expenses, helping maintain reasonable monthly carrying charges.
- Shared Responsibility:As a cooperative, our success depends on members and management working together to maintain a welcoming, attractive, and well-cared-for community.
- Stability and Security: Cooperative membership provides an opportunity for long-term housing stability, with rights and responsibilities established through our governing documents.
- A Voice in Your Community:Members have the opportunity to participate in important community decisions, elect the Board of Directors, and help shape the future of Independence Square.
- Maintenance Made Easy:Our dedicated maintenance team helps care for the community, including grounds maintenance, snow removal, and cooperative-responsible repairs, allowing members to enjoy their homes with fewer maintenance concerns.
- Professional Management:Independence Square Townhouses is proudly managed by FirstService Residential. Our management team is committed to professionalism, open communication, responsive service, and supporting the continued success of our cooperative.