A housing cooperative, or co-op, is a legal entity, usually a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure.
An alternative to leasing farmland is custom farming. The. custom operator agrees to perform all the machine opera-. tions on the ownerâs land in exchange for a set fee or rate. The landowner pays for all seed, chemicals, and other in-. puts, and keeps all of the crop and commodity payments.
While ultimately the Crown lost out in financial terms by Custom farms, it was a system that suited both parties involved. The Crown got large sums of money that it desperately needed while the syndicate that won the contract had every incentive to work hard to accrue as much from the contract as was possible.