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Originally Posted by Lenny2
My understanding is that it's the same thing as an apartment or condo, but not just anyone can buy it. (there's the voting thing)
In a way it's kind of cool, you can do background checks on your neighbors before they move in so you can keep the riff-raffs out.
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A co-op differs from a condo.
In a co-op, you own a percentage of the complex. You do not own your appartment per say.
In a Condo, you own your appartment, and pay condo fees for the common area.