Fort Lauderdale waterfront real estate with deep water dockage

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A thumbnail explanation of the difference between a Condominium and a Co-op:

Both of these terms refer to the manner of ownership of an apartment or sometimes a townhome or villa unit.

Owning a Condominium is very similar to owning other real estate. A Condominium comes with a deed and is very much like owning other types of real estate in terms of financing, taxes, etc, with the added benefit of carefree apartment living.

When you buy a Co-op, what you actually buy is a proportionate number of shares in the corporation that owns the building. The corporation in which you are a shareholder then issues you a proprietary lease entitling you to live in the unit you have purchased.

Financing, the manner in which sales are recorded, rules and other details are sometimes different for Condos than for Co-ops.

Waterfront with
Deep Water Dockage!

Two Bedrooms
First Floor Co-op Residence

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