{{Italic title}} {{unreferenced|date=July 2015}} {{Expand Norwegian|Borettslag|date=August 2025}} '''''Borettslag''''' is the legal entity for housing cooperatives in Norway<ref name=":0">{{Cite web |title=The Housing Cooperatives Act |url=https://www.regjeringen.no/no/dokumenter/burettslagslova/id439595/}}</ref>. The company is owned by those who live in the cooperative, the partholders. Each part gives the right to live in the cooperative, and thus in a particular apartment or house. A partholder is free to sell their part, but the cooperative statute can give internal first refusal<ref name=":0" />. The ''borettslag'' owns the buildings and ground the buildings are on<ref name=":0" />. The highest authority in the cooperative is the annual general meeting<ref name=":0" /> Amongst other agenda items, the board of directors is elected at the annual general meeting<ref name=":0" />. The board of directors is responsible for the daily operatives of the cooperative.<ref name=":0" />
Usually a large share of the construction costs of the property is financed through common debt, that is issued to the cooperative, and not to the individuals. This debt, along with the costs to cover running the grounds, is charged to the owners as rent. Some cooperatives are members of a housing association, which again are members of the Norwegian Federation of Co-operative Housing Associations. Previously only housing associations could create cooperatives, but now this right is also granted to commercial developers, who often create smaller cooperatives.
==See also== * Mitchell-Lama Housing
==References== {{reflist}}
{{Norwegian type of company}}
Category:Types of companies of Norway Category:Housing cooperatives in Norway {{Norway-stub}} {{law-stub}} {{housing-stub}}