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Condominiums and cooperativesSubject 15 of 19

Condop

A property structure that combines a condominium framework with a cooperative component, often through separately owned condominium units.

Direct answer

What does Condop mean?

A property structure that combines a condominium framework with a cooperative component, often through separately owned condominium units.

Exam cue: Identify which part is the condominium unit and which part uses cooperative shares and proprietary leases.

What does it look like in a question?

New York example

A ground-floor commercial condominium unit is separate from a residential cooperative unit above.

Common exam trap

What should you not confuse it with?

Condop is a market term and not simply another word for condominium.

Related condominiums and cooperatives terms

Board packageThe application materials a prospective cooperative purchaser or subtenant submits for board review under the cooperative's procedures.Common chargesAmounts assessed against condominium unit owners for common expenses under the governing documents and budget.Common elementsThe parts of a condominium property owned collectively by unit owners rather than as part of one unit.CondominiumA form of ownership in which a person owns an individual unit and an undivided interest in common elements.CooperativeA housing arrangement in which a corporation owns the real property and occupants own shares tied to proprietary leases.MaintenanceThe periodic amount a cooperative shareholder pays toward the corporation's building expenses and obligations.
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The curriculum citation confirms exam scope. Definition and rule citations support the explanation itself. Links and locators were checked on August 26, 2026.

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