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Difference between a condominium and cooperative

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Doug Developer has purchased property and intends to build a large building containing seventy units. He is unsure whether he would like to organize the building as a condominium complex or as a cooperative. Explain the difference between a condominium and a cooperative. Which structure do you think would be the most advantageous to buyers of the building? Explain your answer.

Reference no: EM132722092

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