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Home > Phrases & Sayings > Calling all Americans!! - What is the difference between a Condo and a Co-operative?

Calling all Americans!! - What is the difference between a Condo and a Co-operative?

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ali_alic | 09:42 Fri 17th Nov 2006 | Phrases & Sayings
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No-one seems to be able to answer this for me - any chance anyone out there knows??
Cheers
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Avatar Image heathfield
Condo, an abbreviation of 'condominium', is, for example, an apartment owned by an individual in a block of flats. Common areas (such as the grounds, and parts of the building used by everyone), are owned jointly with other owners.
Co-operative means ownership and management by a group of individuals working together.
10:36 Fri 17th Nov 2006
Avatar Image ali_alic
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Thanks for that heathfield!! I can no go forward!!
15:59 Fri 17th Nov 2006

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