American_Bankers_Association
CTFA · Question #199
An apartment in a building in which each tenant owns a share of nonprofit cooperation that owns the building.
The correct answer is A. Cooperative Apartment. See the full explanation below for the reasoning.
Estate Planning
Question
An apartment in a building in which each tenant owns a share of nonprofit cooperation that owns the building.
Options
- ACooperative Apartment
- BRental contract
- CRent-or-buy
- DNone of these
How the community answered
(42 responses)- A83% (35)
- B2% (1)
- C5% (2)
- D10% (4)
Topics
#cooperative apartment#nonprofit corporation#property ownership#real estate
Community Discussion
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