The stock cooperative is commonly known as a coop. In a coop, the association is usually incorporated and the association owns the property. Each member owns a share in the association, which is coupled with the right to occupy a given residence.
Coops are not very common in California and I cannot think of a coop in Pasadena. However, they do exist and you should be aware of them and how they operate.
Coops are not very common in California and I cannot think of a coop in Pasadena. However, they do exist and you should be aware of them and how they operate.
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