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Co-op vs. condo

Summerbride04 Posted:

Co-op vs. condo

What's the difference between the two?

KimberlyBride Posted:

Re: Co-op vs. condo

With a condo you own the real estate. With a co-op you own shares in a corporation and the right to live there.

Summerbride04 Posted:

Re: Co-op vs. condo

Do you have to pay maintenence fees w/ a condo?

DjPiLL Posted:

Re: Co-op vs. condo


Posted by Summerbride04

Do you have to pay maintenence fees w/ a condo?




Yes you do. Usually to upkeep the grounds.. maybe pay for security if its gated... If you are considered village... you maintenance also goes towards future projects like street/sidewalk repairs, etc.

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