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

ali_alic | 09:42 Fri 17th Nov 2006 | Phrases & Sayings

2 Answers

No-one seems to be able to answer this for me - any chance anyone out there knows??
Cheers

dit loid

lady muck

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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.

ali_alic

Question Author

Thanks for that heathfield!! I can no go forward!!

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