Which type of property ownership allows for shared ownership of a corporation?

Cooperative ownership is characterized by shared ownership in a corporation that owns the entire property, rather than owning a specific unit or piece of real estate individually. In a cooperative, residents buy shares in the corporation, which entitles them to occupy a unit within the building. This collective ownership structure means that the residents participate in the governance of the property through board elections and other cooperative decisions, which can create a strong sense of community among the owners.

In contrast, a timeshare ownership involves purchasing the right to use property for a certain period each year, but not ownership in a corporation. Condominium ownership involves owning an individual unit while sharing ownership of common areas, but does not involve corporate shares. Fee simple ownership is the most complete form of ownership in real estate, where an individual owns both the property and the land outright, with no corporate structure involved.