co-op


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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.

References in periodicals archive ?
Related: Maryland ACA CO-OP to seek shift to for-profit status CMS posts 2017 PPACA World rules
Natural Resources & Environmental Studies (MNRES, PhD) Outdoor Recreation & Conservation (BSc) Co-op
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.
In fact, co-op nursery schools pulled mothers into a very tight and demanding community, potentially oppressive in its expectations, but generally construed as a great boon by those involved.
But, such chains expose the vulnerabilities of co-ops, which tend to be run intuitively and financed on a shoestring.
Families that join the co-op and seldom use it should be asked to resign to make room for active members.
The court noted Young was aware of but did not disclose the essential information that if the co-op had been valued at less than $1.
In those that don't have a separate co-op department, the responsibility rests with one of the academic departments, such as engineering.
In-network me-to-me and me-to-you payments are supported in this release of CO-OP Sprig, as well as remote deposit capture via Apple iPhone.
By any objective standard, CMS has failed in overseeing the CO-OP program," Grassley said.
Issue a press release and contact your local newspapers or radio stations and let them know it is Cooperative Month; offer them contact information for your manager and a board member who can talk about the co-op business model and your co-op.
6 million first mortgage and a $300,000 line of credit for a 300-unit co-op located at 181 Long Hill Road in Little Falls, NJ; a $3.