proprietary lease
A proprietary lease is a lease between a cooperative apartment association and a tenant that carries with it the right to occupy a specific apartment.
[Last reviewed in July of 2021 by the Wex Definitions Team]
Wex
A proprietary lease is a lease between a cooperative apartment association and a tenant that carries with it the right to occupy a specific apartment.
[Last reviewed in July of 2021 by the Wex Definitions Team]
Wex