What type of ownership in real estate involves a share of stock in a corporation?

Cooperative ownership, often referred to as a co-op, is distinct in that it involves ownership of shares in a corporation rather than ownership of real estate directly. In a cooperative, residents do not own their individual units outright. Instead, they purchase shares in the corporation that owns the building. These shares entitle the shareholders to occupy a specific unit within the property. This structure allows the corporation to manage the entire property and establish rules and regulations that all shareholders must follow.

In a cooperative arrangement, the shareholders collectively make decisions regarding the management and operations of the property, which fosters a community-oriented living style. Furthermore, cooperative ownership often includes the payment of monthly fees that cover maintenance, property taxes, and other communal costs associated with the building.

The other choices relate to different forms of ownership: condominiums involve owning individual units along with a share in common areas, joint tenancy allows for shared ownership with rights of survivorship, and tenancy in common provides ownership interest that may not be equal and does not include rights of survivorship. Each of these types represents different aspects of real estate interests but does not encompass the shareholding structure of a cooperative.