Co-op housing

So-called co-op housing is the term used for apartments in a building belonging to a cooperative. These apartments are usually only let to its members. Since most members pay a fee when entering the co-op, and therefore become co-owners of the buildings, it is normal for them to pay a lower rent.

This is why it is vital to know whether a apartment is to be considered co-op housing in order to calculate precise comparisons, since rental charges are practically always under the market norm.