Ask Question
14 July, 11:26

Which of the following forms of co-ownership, historically used for apartment buildings, is not considered a form of true direct co-ownership but rather qualifies as a proprietary corporation? A. CooperativeB. Tenancy by the entiretyC. CondominiumD. Partnership

+3
Answers (1)
  1. 14 July, 14:01
    0
    The correct answer is letter "A": Cooperative.

    Explanation:

    Cooperatives or co-ops are not real state ownerships but imply being in charge of a property under a lease agreement. Similar to condominiums, individuals can live in an apartment that belongs to an owner that in co-ops are companies. The tenant purchases stocks of the company becoming a stakeholder and in return, the company provides the tenant an apartment with a lease agreement for the possession of the property.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following forms of co-ownership, historically used for apartment buildings, is not considered a form of true direct ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers