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(redirected from Cooperative (real estate)) Also found in: Wikipedia. a form of cooperation in which the members are united for joint construction and use of housing units. The housing cooperative originated under capitalism as an expression of the struggle of working people against the housing shortage.
Real estate contract. A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases cover such rentals since they typically do not result in recordable deeds. Freehold conveyances of real estate are covered by real estate contracts, including con