this post was submitted on 08 Sep 2024
326 points (94.3% liked)
Games
32444 readers
882 users here now
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Weekly Threads:
Rules:
-
Submissions have to be related to games
-
No bigotry or harassment, be civil
-
No excessive self-promotion
-
Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
-
Mark Spoilers and NSFW
-
No linking to piracy
More information about the community rules can be found here.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
For the U.S. at least:
With condos, there's a condo association that owns all the common areas. Then the association itself is owned by the owners of the units, and the management is elected by the owners.
With co-ops, the unit owners directly own the common areas in common, and the management is also elected by the owners.
Functionally speaking they're very similar, and co-ops tend to exist in places where this legal structure predates the invention of homeowner associations (basically New York).