|
Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
| Posted By |
Message |
beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
|
Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
I am not sure what the difference is...I know that you own it BUT I am not sure what makes a coop and coop and what makes a condo and condo...TIA
Message edited 5/25/2005 12:22:59 PM.
|
Posted 5/25/05 12:22 PM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
|
Re: Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
condos you actually own the walls...and the insides
coops you own a share of a corporation that owns the buidings (proportionate to the size of your apartment)
Message edited 5/25/2005 12:27:22 PM.
|
| Posted 5/25/05 12:27 PM |
| |
|
beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
|
Re: Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
Is one bigger than the other???
|
| Posted 5/25/05 12:37 PM |
| |
|
MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
|
Re: Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
Either one can be any size.
|
| Posted 5/25/05 12:42 PM |
| |
|
Donna
1 year already!!
Member since 5/05 3360 total posts
Name:
Donna
|
Re: Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
Posted by Lilith
condos you actually own the walls...and the insides
coops you own a share of a corporation that owns the buidings (proportionate to the size of your apartment)
You also may have more freedom with a condo (such as knocking down walls, renovations, etc) Friends that have co-ops usually need Board approval for all of that
|
| Posted 5/25/05 1:43 PM |
| |
|
heidla
Me and the guys
Member since 5/05 4024 total posts
Name:
Heidi
|
Re: Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
We own a co-op in the city. Basically what we own in shares in the corporation of our building. The # of shares is based on the size of our apartment. We need board approval to make any structral changes to our place. In NYC co-op owners have most of the same rights as renters, because technically that is what we are.
|
| Posted 5/25/05 3:34 PM |
| |
|
Potentially Related Topics:
Currently 546614 users on the LIFamilies.com Chat
|
