Jan 06 , 2016

Tampa School of Real Estate

Cooperative (co-op)

Definition: A multiunit project consisting of individual dwelling units owned by the corporation.  The individual apartment tenants own stock in the corporation rather than owning their respective units.

Pronunciation: \kō-ˈä-p(ə-)rə-tiv, -ˈä-pə-ˌrā-\

Used in a Sentence:  Cooperative buildings are not as popular in this area as they are in the Northeast.

C