Property Ownership
In Montana, a 'cooperating ownership' or 'cooperative' housing arrangement differs from a condominium in that:
ACooperative owners hold fee simple title to their units
BIn a cooperative, the owner buys shares in the corporation that owns the building, receiving a proprietary lease for their unit rather than fee simple title✓ Correct
CCooperatives are only used for commercial properties
DCooperatives are more common than condominiums in Montana
Explanation
In a cooperative (co-op), a corporation owns the entire building. Residents purchase shares in the corporation and receive a proprietary lease for their unit. This differs from condominiums where unit owners hold fee simple title to their units.
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