Property Ownership (alternative)
Maryland's Cooperative Housing (co-op) structure means residents:
AOwn their unit in fee simple like a condominium
BOwn shares in the cooperative corporation that entitle them to occupy a specific unit under a proprietary lease✓ Correct
CRent from the government
DOwn the land but not the building
Explanation
In a cooperative, residents own shares in the corporation that owns the building, not the individual unit. A proprietary lease from the corporation gives the shareholder the right to occupy their specific unit.
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