A cooperative means the property is owned and governed by the members living there. Each member owns both stock and an occupancy agreement. There is an equity investment, (buy in cost) which represents the proportionate share of all assets and liabilities of the corporation. The monthly carrying charges take care of your share of the operating costs. It includes, the mortgage, taxes, insurance, primary maintenance, water, sewer, heat and capitol improvements made to the property. Kensington Heights offers, 1, 2, or 3 bedroom town homes that include many amenities, such as, central air conditioning, a substantial savings on cable TV, on site maintenance, private entrances, full size basements, and revolving replacements on carpet, tile, and appliances.