In a cooperative ownership, what do "owners" actually receive?

In a cooperative ownership structure, individuals do not own their individual units in the traditional sense through a deed. Instead, they receive stock in the corporation that owns the entire property. This corporate structure allows residents to be shareholders, and they typically gain rights to occupy a specific apartment or unit through a proprietary lease tied to their stock ownership.

By owning stock in the cooperative, residents are entitled to participate in decisions regarding the property and its management, since they are part of the corporation's ownership. This form of ownership can lead to a unique community living experience where members have a say in how the cooperative is run and shared expenses are managed.

The other options do not apply to cooperative ownership: an individual deed is associated with condo or single-family ownership, mortgage documents pertain to securing financing for owned property, and a warranty deed is also used in traditional property sales. Thus, stock in the corporation accurately describes what owners receive in a cooperative setting.