Condop: Difference between revisions
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''The condop is a hybrid ownership structure. Typically a | ''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 | ||
Revision as of 21:55, 19 July 2010
STUB
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