Condominiums and Co-Ops
Welcome to the Condominiums and Co-Ops section of FindLaw's Real Estate Center. Condominiums and co-operatives (co-ops) are "common interest" properties that offer ownership interests that are different from those associated with traditional home ownership. "Co-ops" are very similar to condominiums or apartments. Most condominiums are owned by corporations or a single landlord, but co-ops are owned by the residents. The residents, therefore, have more say in how the property is managed and the rules by which residents must abide. This section provides practical and legal information on condominiums and co-ops, including the types of co-op arrangements that exist and how to buy or sell an interest in a co-op.