The Beatles' John Lennon belonged to 1. Madonna was rejected by one. So was former President Richard Nixon. What are they? Housing cooperatives, often called co-ops for short, are extremely widespread in locations like New York City, Online Business Course but few individuals perceive how th­ey operate. With the surge in condominium possession, many individuals have turn into accustomed to how condo associations perform. Co-ops share some of the identical qualities: They include a number of models of housing, are governed by bylaws and operated by elected officers and administrators, and David Humphries 5 Step Formula require occupants to share in the price of maintenance and utilities within the form of month-to-month fees. But there are distinct differences, principally pertaining to the nature of ownership. This corporation owns the house you reside in