Condop: Difference between revisions
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=Definition= | |||
''The condop is a hybrid ownership structure. Typically a [[Condominium]] differs from a [[Cooperative]] in that residents of a condominium directly own their apartments whereas residents in a cooperative own shares in a corporation that owns the building and a right to use a specific apartment in the building. Condops blur the distinction between the two concepts as the cooperative corporation owns, not a whole building, but just the residential condominium space within it.'' -- | ''The condop is a hybrid ownership structure. Typically a [[Condominium]] differs from a [[Cooperative]] in that residents of a condominium directly own their apartments whereas residents in a cooperative own shares in a corporation that owns the building and a right to use a specific apartment in the building. Condops blur the distinction between the two concepts as the cooperative corporation owns, not a whole building, but just the residential condominium space within it.'' -- | ||
(http://Wikipedia.org/wiki/Condop) | |||
Latest revision as of 18:38, 11 August 2010
Definition
The condop is a hybrid ownership structure. Typically a Condominium differs from a Cooperative in that residents of a condominium directly own their apartments whereas residents in a cooperative own shares in a corporation that owns the building and a right to use a specific apartment in the building. Condops blur the distinction between the two concepts as the cooperative corporation owns, not a whole building, but just the residential condominium space within it. -- (http://Wikipedia.org/wiki/Condop)