A cooperative building is owned collectively by its residents, who purchase shares in the cooperative rather than individual units. Each shareholder has the right to occupy a specific apartment and participate in decision-making processes regarding the management of the property. This collective ownership structure allows residents to have a say in maintenance, rules, and financial matters, fostering a sense of community. Unlike traditional real estate ownership, individual shareholders do not own their apartments outright; instead, they own a stake in the entire building.
polite and formal
sole proprietor
Flat.
A Real-Estate Owned Property, or REO property means that a property is owned by the original lender that was not sold during foreclosure. REO properties are noticeable because usually the upkeep of the property is not the best.
General partnership (aplus+)++++
A condo is owned by the resident
Respectful and cooperative
Powerful International cooperation
building of industries
a company owned by investors who share the profits
share investors
cooperative
Anything of value owned by the business.
It was two large buildings connected by a narrow stairway
It was two large buildings connected by a narrow stairway
which of the following best describes an asset of a business
cooperative