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Real Estate Glossary

Co-op

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Written by Luis Escobar

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.

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.

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Luis Escobar

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