Types of ownership

House and high rise apartment building

House & Apartment

Types of ownership

Illinois homes may:

  • Be jointly owned,
  • Be individual condominium units within a multi-unit building,
  • Be part of a homeowners’ association (HOA), or
  • Be organized as a cooperative (co-op).
Sharing property ownership
Learn about shared ownership, including types of co-ownership, responsibilities, and dispute resolution.
FAQ
Residential community associations
Learn about how community association rules, fees, and governing documents shape your rights and responsibilities as a property owner.
FAQ
Housing cooperatives
Get answers to common questions about housing co-ops, including types, ownership, governance, financing, monthly fees, and resale rules.
FAQ