What does cooperative common property include?

Cooperative common property refers to assets that are collectively owned by the members of a cooperative organization. The correct answer encompasses all lands, leaseholds, and personal property owned by the cooperative because these elements represent the shared resources that all members benefit from and have an interest in.

It is essential to understand that common property is not limited to physical structures like buildings or only to specific types of agreements such as lease agreements. Instead, it includes a broader scope of assets that support the cooperative's operations and benefit all members, ensuring a shared responsibility and use of these resources. Each member's investment in these common properties creates a sense of community and shared interest, which is a fundamental principle of cooperative governance.