Community Apartment Projects
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COMMUNITY APARTMENT PROJECTS

Unlike stock cooperatives where a corporation owns the entire project (including the units) and shareholders are given an exclusive right to lease a unit, a "community apartment project" (also known as "own-your-owns") is a development where members own the entire project in common (including the units) and are given an exclusive right to lease an apartment. (Civ. Code §4105)

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Adams Stirling PLC