Cooperative housing

{
  "id": "MLC-T-LAW-001304",
  "term": "Cooperative housing",
  "field": "Law",
  "definition": "A form of housing ownership where residents do not directly own their individual units but instead own shares in a corporation that holds title to the entire property. Each share entitles the owner to occupy a specific unit and participate in the cooperative's governance. This arrangement differs from condominiums, where individuals hold direct title to their units.",
  "url": "https://mlchart.com/terminology/law/cooperative-housing/"
}