Cooperative Apartment | Real Estate Glossary

Definition of "Cooperative apartment"

Apartment building in which each resident owns a percentage share of the corporation that owns the building.

Timber wood situated on the exteriors of a loading deck to safeguard it from damage resulting when t ...

Claim or debt that may be recovered by instituting a lawsuit. ...

Degree of construction of residential property measured in number of units or dollar value. ...

1% of the loan amount paid to the lender for making a loan. ...

Losses that have occurred within a stipulated time period whether paid or not. ...

Retirement plan offered by public employers and tax-exempt organizations. Under Section 403(b) of th ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

Basic points relates to changes in the interest rate for your home. ...

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