Tenant Stockholders

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January 1, 1 6 min read Definitions

Cooperative Real Estate Ownership Corporate Ownership Tenant Stockholders Property Tax Deductions Proprietary Lease Condominium Co-Op

A cooperative, or co-op, is a type of corporate ownership of real property where stockholders of the corporation are entitled to use certain dwelling units or other spaces. Special income tax laws allow tenant stockholders to deduct their share of interest and property taxes paid by the corporation.