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What is the difference between a co-op and a regular apartment?
Wiki User
∙ 13y ago
The difference is in ownership: you buy shares in a co-operative that owns the building and are assigned a living space. You may also be required to pay a monthly maintenance fee which the co-op board uses to pay operating expenses. When you move, you sell your shares to a new buyer.
In a 'regular' apartment, you pay rent to a landlord, who owns the building. When you move, you have no real estate responsibilities, except for damage repair.
Wiki User
∙ 13y ago
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Difference between decca and coop high school courses?
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