Comparison to Other Forms of Housing. The residents are shareholders in a corporation that owns the property. Owning a share entitles you to occupy a unit.
Tenants own nothing.
On expiration of lease, tenants may be forced to vacate. Owners acquire individual title to their dwellings and yard. Tenants pay rent specified in lease. Owner must make his or her purchases of whatever is needed, often at higher retail costs. Owner makes mortgage and tax payments to lender.