Local house corporations serve as the landlord for their local chapters. All property - from the house, to the computer equipment, to the furniture - is owned and maintained by the house corporation. Most income is from the collegiate chapter in the form of house corporation fees, chapter obligation and, when applicable, resident rent and payroll reimbursement. The house corporation board uses this money to cover the costs associated with maintaining the chapter house.
The house corporation board consists of elected alumnae members and ex-officio collegiate and alumnae officers. Each house corporation is a separate legal entity that is incorporated locally in accordance with state or provincial laws. The house corporation is made up of collegiate and alumnae members who have paid house corporation fees.