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What is a co-op apartment?In: Home and Garden |
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Answer
A co-op apartment is were women and men live in the same building.
Answer
a coop apartment is when a purchaser buys shares in the corporation owning the property. this is a real-estate method that is often frowned upon unless the property is in an extremely desired area like manhattan.
the well-known disadvantages of a coop include: -not being able to sublet an apartment unless the renter meets the coop board -not being able to buy the apartment unless you are approved by the board (this typically includes credit and background checks) -not owning a real piece of property but shares in a corporation that like any other must be managed and supervised to remain solvent/profitable
First answer by Melissa ger. Last edit by ID1143751251. Question popularity: 32 [recommend question]
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