Property Ownership
In Nevada, a cooperative (co-op) resident holds:
AFee simple title to their unit
BA proprietary lease and shares in the cooperative corporation✓ Correct
CA tenancy in common interest in the building
DA life estate in their unit
Explanation
In a cooperative, residents own shares in the corporation that owns the building and receive a proprietary lease (long-term lease) for their unit. Unlike condominiums, co-op residents do not hold title to real property.
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