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

Question

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In a cooperative apartment, the individual owns shares in a cooperative corporation that owns the building and land, while in a condominium, the individual usually holds a deed or title to their unit and a shared interest in the common areas of the property.

A Significant Legal Difference Between a Cooperative Apartment and a Condominium