cooperative housing

Definition of "cooperative housing"
  1. A living arrangement where a corporation owns housing units and shared spaces, and residents own shares in the corporation, giving them the right to occupy a part of the property and use the shared spaces
How to use "cooperative housing" in a sentence
  1. He moved into cooperative housing where he owned a share and had rights to a specific unit.
  2. In cooperative housing, she had equal access to shared amenities due to her ownership stake.
  3. His share in cooperative housing allowed him to vote for the Board of Directors.

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