Eco-village land share agreement terms: cooperative governance in real estate

Eco-village land share agreements combine real estate law with cooperative governance principles. Unlike traditional subdivisions, these communities emphasize shared ownership of common areas and consensus-based decision-making. Contracts must spell out voting rights, dispute resolution mechanisms, and rules for ecological stewardship.

Legal complexity arises because many states lack statutes directly addressing eco-villages. Some communities register as non-profit corporations, while others rely on condominium statutes. Buyers should understand liability exposure if community obligations, such as wastewater treatment or renewable energy compliance, are breached. The strength of the legal framework often determines the long-term viability of the eco-village model.