If the coop was smart, and it’s not a temporary situation or something along those lines, you pay their equity out and wish them luck, but yeah the problem with any coop is always the cooperative part.
Yep, the idea is that because the people living at the coop decide who they want to live with (both for existing and new members) the org would have an incentive to cooperate and resolve issues, instead of relying on a third party to be an arbiter that doesn’t have a direct stake in your living conditions.
How does it work if a member of the coop stops contributing their share?
If the coop was smart, and it’s not a temporary situation or something along those lines, you pay their equity out and wish them luck, but yeah the problem with any coop is always the cooperative part.
Yep, the idea is that because the people living at the coop decide who they want to live with (both for existing and new members) the org would have an incentive to cooperate and resolve issues, instead of relying on a third party to be an arbiter that doesn’t have a direct stake in your living conditions.