How do housing cooperatives differ from condominiums or privately owned houses?

“Housing co-ops differ from condominiums in that [member] residents do not own…their individual dwelling units.  Instead, the cooperative corporation holds title to the property, and [member] residents own share(s) in the cooperative. See “Differences Among Co-op, Condo, Rental, and Single Family” in this section for a comparison of condominium, cooperative, single family and rental housing features and benefits.”

Excerpted  from Cooperative Housing Tool Box, A Practical Guide for Cooperative Success
Published by Northcountry Cooperative Foundation in partnership with Northcountry Cooperative Development Fund, 2003

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