partnership structure
The following diagram illustrates the relationship of entities involved in a Renting Partnership. The owner or sponsor, resident community, developer and manager each has a special role to fulfill:
- The Owner establishes the Mission of the project by sharing rights with the resident community for participation for decisions that affect them. The Owner also invests net income from operating in a reserve to make payments to residents.
- The Resident Community accepts Responsibility for maintaining a stable, safe, clean and attractive environment in which people treat each other with respect.
- The Developer is responsible for Planning , design and funding within the goals for the renting partnership.
- The Manager upholds the Principles for participatory management in operations.
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