Which of the following forms of co-ownership, historically used for apartment buildings, is not considered a form of true direct co-ownership, but rather qualifies as a proprietary corporation?
A) Cooperative
B) Tenancy by the entirety
C) Condominium
D) Partnership

Question

Quizplus · Accepted Answer

A cooperative is not considered a form of true direct co-ownership because the individual owners do not actually own real property. Instead, they own shares in a corporation that owns the real property. This makes it more similar to a proprietary corporation than a true co-ownership structure. Tenancy by the entirety and condominium are both forms of direct co-ownership, while partnership is a form of ownership in which two or more individuals jointly own and operate a business or other enterprise.

Which of the Following Forms of Co-Ownership, Historically Used for Apartment