Which is the difference between co-op and condo. thank you

Asked by Martha Paez, New York, NY Sat Mar 7, 2009

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Karen Wisne, Agent, Westerville, OH
Sat Mar 7, 2009
In a co-op you own shares in a corporation and the corporation owns the building/land.

In a condo, you own 1/100th (if there were 100 units in the complex) or 1/98th (if there were 98, etc) of the entire property, and you own the "air space" basically to the unit that you own.
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