The CO-OP company leases a portion of the building (an apartment) to you.
Condo: you own a portion of the building (an apartment), except the ceiling and the floor as they are other people's floor and ceiling, respectively.
The CO-OP company leases a portion of the building (an apartment) to you.
Condo: you own a portion of the building (an apartment), except the ceiling and the floor as they are other people's floor and ceiling, respectively.