Form of ownership: The key difference between a condo and a co-op. A condominium owner actually owns the apartment in fee simple, like any other homeowner, and owns an undivided interest in the common areas like parking lots, recreations areas, lobbies and hallways.
www.bankrate.com/brm/news/real-estate/condos1.asp www.bankrate.com/brm/news/real-estate/condos1.asp
Dear Steve,; What is the difference between a condo and co-op and which is a better buy? -- Tyette ... When buying a condo, you're purchasing real estate and will basically own a deed and the airspace in your domicile, plus a share of common spaces used by other residents.
www.bankrate.com/brm/news/real-estate/20040214a1.asp
A guide for real estate investors to the differences between condominium and co-op apartments in New York City. Included are advantages and disadvantages of condos vs. co-ops. ... What’s the Difference Between a Condominium and a Co-op?
manhattan.about.com/od/findanapartment/a/condoscoopsnyc... manhattan.about.com/od/findanapartment/a/condoscoopsnyc.htm
The Differences Between A Co-op and Condo ... Right At Home Daily: Finding It: Making the Deal ; The Differences Between A Co-op and Condo ; By Barbara B. Buchholz for Right at Home Daily ... Whereas the purchase of a condo means you actually buy the apartment, as well as a proportionate share of the property's common space.
www.repair-home.com/son/differences_between_coop_condo.... www.repair-home.com/son/differences_between_coop_condo.htm
Unless you live in New York City, co-ops can be relatively uncommon. Here's the difference between them and their condominium cousins. ... Like a condo, you'll pay a monthly fee. In the case of a condo, that will cover your share of operations and maintenance. It will probably also include the co-op mortgage,
www.fool.com/personal-finance/home/2007/03/01/condo-or-... www.fool.com/personal-finance/home/2007/03/01/condo-or-co-op.aspx
Restrictions on Use – Another major difference between coop and condo are the restrictions on use and occupancy placed in the proprietary lease of a coop unit.
www.wrlawfirm.com/Articles/wrm.article.Condo.Versus.Coo... www.wrlawfirm.com/Articles/wrm.article.Condo.Versus.Coop.Primer.html
cooperative apartment (the official name for a co-op) and condominium have the same tax advantages as a single-family home or town house. But that's about the only similarity a co-op and condo share.
www.thenewhomemaker.com/difference-between-co-op-and-co... www.thenewhomemaker.com/difference-between-co-op-and-condo
A complete real estate resource guide for Bergen County and Northern New Jersey. ... What is the difference between a condominium and a co-op? ... Financing...; For a Condominium, financing would be the same as a single family house. The owner can mortgage his or her interest in the condo.
www.terrigolden.com/condo_coop_diff.htm www.terrigolden.com/condo_coop_diff.htm
The current coop/condo abatement was intended as an interim step towards fixing one of the problems with the city’s treatment of residential property for tax purposes: the difference in tax burdens between owners of houses and owners of apartments.
www.ibo.nyc.ny.us/iboreports/coopcond.html www.ibo.nyc.ny.us/iboreports/coopcond.html
Majority of the places I like are coops. I’ve been getting a strong advise not to buy a coop, but I’d like to know if there is a difference between coop and condo. I think condos in Queens are seriously overpriced and cost as much as houses.
sobecondobroker.com/ sobecondobroker.com/