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A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization.
A condop, a portmanteau of the words condominium and cooperative (or "co-op"), is a co-op inside a condo. [3] Stepping back, condominium owners actually hold title to a piece of real estate. Co-op owners are actually shareholder-tenants with shares in and a long-term lease from the co-op corporation. In all co-ops, a corporation owns the building.
A student housing cooperative, also known as co-operative housing, is a housing cooperative for student members. Members live in alternative cooperative housing that they personally own and maintain. Members live in alternative cooperative housing that they personally own and maintain.
Buying a condominium means buying an individual unit in a property with public areas owned and managed by a homeowner's association. Buying an apartment usually means buying a share of ownership ...
Housing cooperative (or Co-op): a form of ownership in which a non-profit corporation owns the entire apartment building or development and residents own shares in the corporation that correspond to their apartment and a percentage of common areas. In Australia this corresponds with a "company title" apartment.
A co-op is a housing cooperative owned by a corporation that allows people to buy shares in exchange for access to the units and amenities within the property. A co-op is more like a rental ...
Cohousing is an intentional, [1] self-governing, [2] cooperative community where residents live in private homes often clustered around shared space. [3] The term originated in Denmark in the late 1960s. [4] [5] Families live in attached or single-family homes with traditional amenities, usually including a private kitchenette. As part of the ...
Tony Bennett’s son has accused his baby mama of failing to reimburse him for the $1 million he chipped in towards their Greenwich Village co-op. Danny Bennett, 70, paid for “significant ...