What is a co op home

What is a co op home

This is commonly used for affordable.This is commonly used for affordable.A co op is a form of housing where a cooperative corporation owns an entire apartment building.The residents gain equity in the building by buying shares in that business.Instead of buying property as you would in a traditional real estate transaction, you're buying a share of the corporation that controls the.

Shareholders are issued a stock certificate and a proprietary lease to occupy a specific apartment in the building.

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