Skip Nav
Decor Inspiration
All the Insane Things You Never Knew the Kardashians Had in Their Glam Rooms
Michael Phelps
Michael Phelps Is Still Winning Gold in His Gorgeous Arizona Mansion
Personal Essay
What Really Happened When I Rented Out My Apartment on Airbnb

Co-op

Definition: Co-op

Any true "Sex and the City" fanatic can probably tell me which SATC character was on the board of a co-op (and I challenge you to comment below). But can you tell me what exactly a co-op is? Probably not. Co-ops, or housing cooperatives, which originated in the late 1800s, are creatures of New York, although they do exist elsewhere. In essence, a co-op is a legal entity from which you actually buy a share of your building rather than your apartment explicitly. Essentially, you are buying a long-term lease and the right to sole possession of your apartment indefinitely.


Much like a social club, co-op owners, through their board of directors, choose who their neighbors are. The board must approve of all new tenants, transactions, and sales before a new person can move in, and it acts in other ways much like a landlord. Co-ops are generally cheaper than condos, have lower closing costs, and protect you from troublesome neighbors, but they're difficult to sell, harder to rent, and have high monthly maintenance fees.

Source

Around The Web
Join The Conversation
RosaDilia RosaDilia 8 years
Miranda!!!
emalove emalove 8 years
Easy question!
ispyemo ispyemo 8 years
it totally miranda with out it she would have ever met dr. robert leeds
britt2121 britt2121 8 years
Miranda, my favorite.
siúcra-gaelach siúcra-gaelach 8 years
also, carrie uttered those tragic words: "my building's going co-op." "did ya get the tomatoes?" :)
jennaboa jennaboa 8 years
Miranda. :) I miss SATC.
Twinbaby Twinbaby 8 years
Hilarious!
MamaD MamaD 8 years
Yup, it was Miranda!
cokerad cokerad 8 years
Miranda was! And she dated the hot doctor afterwards! Then broke up with him and moved into a house in Brooklyn!
Swp2885 Swp2885 8 years
miranda was on a co-op board, i love the episode where she interviews the doctor hillarious
moni_LA moni_LA 8 years
Miranda!
This Just In:  Heidi Klum Loses Benjamins on Bank Street
This Just In: Philip Seymour Hoffman in a Western!
Kirsten Dunst's SoHo Co-op
What Is Porchetta?
What Is Old Bay Seasoning?
What Are Cornish Game Hens?
What Is Sofrito

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Home & Garden
X