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Forgive me if this is a stupid question..What is the difference between a Co OP and a COndo???
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beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
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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.
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Posted 5/25/05 12:22 PM  |
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Erica
LIF Adult
Member since 5/05 11767 total posts
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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.
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| Posted 5/25/05 12:27 PM |
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beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
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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???
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| Posted 5/25/05 12:37 PM |
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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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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.
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| Posted 5/25/05 12:42 PM |
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Donna
1 year already!!
Member since 5/05 3360 total posts
Name:
Donna
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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
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| Posted 5/25/05 1:43 PM |
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heidla
Me and the guys
Member since 5/05 4024 total posts
Name:
Heidi
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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.
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| Posted 5/25/05 3:34 PM |
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