Member Fees & Availability
At Independence Square Townhouses, we believe in providing prospective members with clear information about the financial responsibilities associated with cooperative living.
The following overview explains the initial costs of becoming a member and the ongoing expenses associated with membership.
Initial Membership Expenses
Application and Screening Fees
- Credit Report Fee: A one-time, nonrefundable fee of $22 is required at the time of application.
- Additional Co-Applicants: A $22 credit report fee applies to each additional co-applicant.
- Background Check Fee: A $40 background screening fee applies to each additional non-member resident age 18 or older.
- Membership Purchase Fee: A one-time membership purchase fee of $150 is required.
Membership Equity & Move-In Expenses
In addition to the application and membership fees, new members are responsible for the applicable membership equity amount and prorated monthly carrying charges at move-in.
Equity requirements vary based on the townhouse and applicable cooperative membership terms.
Monthly Carrying Charges
Members pay monthly carrying charges that contribute toward the cooperative’s operating expenses, property maintenance, and essential community services.
These charges help support the continued upkeep and financial stability of Independence Square Townhouses.
Townhouse Availability
Townhouse availability is subject to change. Prospective members are encouraged to contact the management office for information regarding available townhouses, current equity amounts, and monthly carrying charges.
Contact Our Management Team
Our management team is available to answer questions about membership requirements, fees, availability, and the application process.
Independence Square Townhouses
Professionally Managed by FirstService Residential
We look forward to welcoming you to our community!