A condominium differs from a cooperative in that a tenant in a cooperative:
A) rents his apartment from the cooperative.
B) owns his apartment in cooperation with corporate owner.
C) owns all the space except the common areas.
D) owns only the internal space.

Question

Quizplus · Accepted Answer

In a cooperative, a tenant does not directly own his apartment; instead, he owns shares in the cooperative corporation that owns the building, and he rents his apartment from the cooperative.

A Condominium Differs from a Cooperative in That a Tenant