Short for housing cooperative, co-op is a kind of real estate that is unlike buying or owning a condo or renting an apartment. It refers to a housing unit both owned and controlled by a group of individuals who possess occupancy rights to the housing community. They all have equal shares and membership.
Co-op
Short for housing cooperative, co-op is a kind of real estate that is unlike buying or owning a condo or renting an apartment. It refers to a housing unit both owned and controlled by a group of individuals who possess occupancy rights to the housing community. They all have equal shares and membership.