Facts about Cooperatives: Most co-ops are incorporated and a board of directors governs the complex with the owner of each individual unit having one vote.

Coops..did you know "Like renting, Cooperative living includes a monthly association fee. Usually the association fee includes payment of the principal and interest on the master mortgage, property taxes, insurance, water, and maintenance of the building and grounds. In some Cooperatives, the monthly association fee may also include the cost of heat and air conditioning. Policies will vary from property to property."