co-op apartment building
nounUK /ˈkəʊɒp əˈpɑːtmənt ˈbɪldɪŋ/
US /ˈkoʊɑːp əˈpɑːrtmənt ˈbɪldɪŋ/
A building where people own their own homes and share the building together.
My aunt lives in a co-op apartment building where the neighbors all help take care of the garden.
OTHER MEANINGS
2. A housing arrangement where residents buy shares in a corporation that owns the building.
The co-op apartment building requires each resident to buy shares before moving in.
3. A residential building managed jointly by its residents through a board.
The co-op apartment building's board voted to repaint the lobby.
4. A type of apartment house where monthly fees cover shared expenses like maintenance.
Living in a co-op apartment building means paying a monthly fee for upkeep.