Co-operative ownership
briensmith
Subject : Co-operative ownership
Posted : 5/16/2017 7:30 AM (#10460)
Old School

Posts: 102
100
Co-operatives (or co-ops) are similar to condos but instead of owning your unit, you own a share in the entire building or complex.Co-op residents pay for maintenance and repairs through monthly fees and are subject to the rules and regulations of the co-op board.If you decide to sell your shares and move out, the co-op board has the right to reject your prospective buyer.

Thanks

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