Q & A: Tenants-In-Common and Co-ops
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A housing co-op is where one or more residential buildings are owned by a cooperation or a group of shareholders. Unlike a condominium, where individuals own their residential unit, co-op residents own shares in the residential building as a whole. The structure and regulations for each housing co-op are different, and therefore buyers should carefully research such stipulations prior to purchasing into a co-op.
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