Question

A form of property ownership in which the buyer receives a proprietary lease and a share of stock in a corporation that owns the fee simple interest in the property is called _________

Answer 1

A shareholder (One who is in a cooperate business with another, in other words, a business partner-that form of business is called partnership.)

Step-by-step explanation:

A shareholder (or stockholder) is an individual or company including a corporation that legally owns shares of stock in a joint stock company

When buying into a cooperative, the purchaser becomes a shareholder in the corporation (business) by virtue of stock ownership and receives a proprietary lease to the apartment for the life of the corporation (or business).