Question: What is the difference between a Condominium and a Cooperative property? a ) A condominium is where a person does not own the property but
What is the difference between a Condominium and a Cooperative property?
a A condominium is where a person does not own the property but buys stock in the building that gives them the right to live in the unit and cooperative is where a person buys and owns the unit they live in
b A condominium is where the tenant buys the unit and a cooperative is where the tenant rents the unit.
c A condominium and a cooperative property are two terms for the same thing.
d A condominium is where a person buys and owns the unit they live in and a cooperative is where a person does not own the property but buys stock in the building that gives them the right to live in the unit.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
