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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A type of ownership for multifamily housing in which each resident buys shares in a corporation. The corporation manages the property.
A
Cooperative
B
Condominium
C
Townhouse
D
Apartment
Explanation: 

Detailed explanation-1: -A housing cooperative or “co-op” is a type of residential housing option that is actually a corporation whereby the owners do not own their units outright. Instead, each resident is a shareholder in the corporation based in part on the relative size of the unit that they live in.

Detailed explanation-2: -A housing cooperative, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings. It operates under the cooperative legal framework that usually exists at the regional or national level.

Detailed explanation-3: -Tenant Ownership Housing Societies: – Tenant Co-Partnership Housing Societies: – House Mortgage Societies: – House Construction or House Building Societies: –

There is 1 question to complete.