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In USA, and possibly in other locales, condominium is unique to a form of real estate ownership. A condominium community is governed by a set of governing documents that usually defines a board of directors who operate the corporation, and more.

In a cooperative society, there is no implied definition of real estate ownership, and the over-arching foundation is that everybody agrees about everything.

A condominium can be regarded as a private democracy, where owners vote on some items, and board votes generally define action that is taken by the corporation.

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