The ownership of a separate amount of space in a multiple dwelling or other multiple-occupancy building with proportioned tenancy in common ownership of common elements. Used jointly with other owners however, the owner does not own his/her specific unit but he/she becomes a shareholder of the corporation which owns all the real property and occupies by way of a tenancy agreement subject to a shareholders agreement administered by an elected board of directors.
A winery run and owned by a group of local winemakers. Quality varies - some can turn out high quality wines, others produce little of interest.
A form of multiple ownership of real estate in which a corporation or business trust entity holds title to a property and grants the occupancy rights to - shareholders by means of proprietary lease or similar arrangements.