Cooperative

Any organization owned by its members. A cooperative may be a business owned by its employees and/or customers, a residential complex owned by the people who live in it, or even a bank owned by its depositors. Certain legal requirements are incumbent upon cooperatives; for example, there is often a cap on how much of their profits may be distributed. See also: Cooperative economics.

Cooperative (co-op).

A co-op is a corporation that owns a particular residential property. The shareholders are the tenants who, instead of owning an individual unit, own shares in the corporation, which gives them the right to live in that unit.

co-op

(1) Short for cooperative apartment, being a method of owning real estate in which a corporation owns a building and related facilities and persons who buy stock in the building are entitled to rent a particular unit, called a proprietary lease, at rates significantly below market rents. (2) An arrangement between two real estate agents for the sale of a property and splitting of the commission, usually as a result of one agent having the listing with the owner and another agent bringing the buyer to the closing table.

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References in periodicals archive

Co-op Easter Chirpy Chick Cake (PS7) Bottom: Easter Cupcakes (PS1.50, 2 pack).

EASTER FEASTER! Make it one to remember with Central England Co-operative

* A $250,000 line of credit for a 39-unit co-op at 61-69 Pierrepont Street in Brooklyn, NY.

NCB issues $40m in co-op loans for month of April

Natural Resources & Environmental Studies (MNRES, PhD) Outdoor Recreation & Conservation (BSc) Co-op

British Columbia

"There have been recent developments with schools because co-ops tap straight into the healthy eating agenda.

Co-op's a chink of light in the financial gloom; Community food schemes are taking on the big stores, offering fresh fruit and vegetables at half the price

"Specifically for minority communities and economically disadvantaged communities, co-ops are a very powerful idea because they allow us to have access," says Antonio Rosell, an urban planner at Community Design Group in Minnesota.

Are co-ops the way? Experts say cooperatives enable black communities to build wealth

According to a 2004 analysis of more than 250 units by Chubb's residential appraisers, condos and co-ops on average were underinsured by nearly $125,000.

The big condo boom: the rising surge in condo and co-op ownership gives agents and brokers the chance to fill in coverage gaps

At least one mother represented each co-op on a county council of co-ops each month; another produced a regular newsletter and sometimes also headed up publicity.

Cooperative motherhood and democratic civic culture in postwar suburbia, 1940-1965

"As an organization, we support the individual visions of our filmmakers, but it has been their work that has created the reputation of the Film Group--the uniqueness of their vision." Early on, the co-op realized that developing filmmaking talent required more than offering workshops and equipment; it needed to play a part all the way through the filmmaking process.

Prairie populism: the Winnipeg Film Group's 25th anniversary

In light of this analysis, it appears that a shareholder's share of a co-op's real estate taxes is not required to be added back for AMT purposes.

Real estate taxes and co-op owners

The chains, says George Keller, publisher of The National Co-op Directory, are just riding the boom in natural foods sales that's buoyed the whole industry.

Proudly independent: co-ops give natural food shoppers a cost-effective choice