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A man lives in an apartment building. The land and structures are owned by a corporation, with one mortgage loan covering the entire property. Like the other residents, the man owns stock in the corporation and has a lease to his apartment. This type of ownership is called a(n)_______________.

Respuesta :

Answer:

The correct answer is letter "D": cooperative.

Explanation:

Cooperative ownership or co-ops is a type of proprietorship agreement similar to the ones managed in condominiums. The difference relies on the fact that the owner of the building is a corporation that provides the buyer shares of stock -becoming a shareholder- in addition to the lease agreement for the department. Co-ops are not considered real state property.