MRAssociates — Glossary
Community Benefit Society
A “registered society” (formerly known as an “Industrial and Provident Society”) which trades for the benefit of the community. Not to be confused with a “cooperative society” which trades for the benefit of its members. One of the incorporation models that is likely to satisfy the landlord requirements for exempt and specified accommodation.
Source:
- Cooperative and Community Benefit Societies Act 2014.