Which type of property ownership issues stock?

The correct choice is cooperative ownership. In a cooperative, or co-op, the property is owned by a corporation. When residents purchase a unit, they are buying shares in the corporation that owns the entire property rather than owning their specific apartment outright. This ownership structure means that shareholders have a stake in the whole building and share in its operational costs, as well as communal benefits.

In a cooperative, the rights and responsibilities of the owners are managed collectively, and residents may have input in decisions regarding maintenance and other matters affecting the property. This arrangement highlights the unique nature of cooperative ownership compared to other property types, such as condominiums, time-shares, or fee simple ownership, where individuals own their specific units or land outright.

While condominiums do allow individual ownership of units, residents own their specific portion of the property rather than shares in a corporate entity. Time-shares involve shared usage over time but do not equate to ownership of stock in the same way as a cooperative. Fee simple ownership refers to the most complete form of ownership in real estate, granting the owner full control over the property without any shared ownership entities involved.