A significant legal difference between a cooperative and a condominium is that the condominium owner normally holds a title to the property.

Question

Quizplus · Accepted Answer

In a cooperative, the owner holds shares in the cooperative corporation and does not actually own a title to the individual property unit. In a condominium, the owner holds a title to the individual property unit, and may also have an interest in common areas and amenities owned by a condominium association.

A Significant Legal Difference Between a Cooperative and a Condominium