Condos and Co-ops are different. In a condo, you own the inside of your unit and the condo association owns the land it sits on. In a co-op, you own one share of stock in a corporation that entitles...
Yes. Once you purchase a condominium unit you own it for life unless you decide to sell it. You can leave it to your chosen beneficiary in your will or it will pass to your heirs-at-law under the...