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Old 16.07.2009, 21:45
ocube ocube is offline
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co-operative housing [Anteilsscheine der Genossenschaft]

Hey Everyone

Does anyone know what 'Anteilsscheine der Genossenschaft' means? I am interested in an apartment and the details say I pay an amount which is 'Anteilsscheine der Genossenschaft' in place of a deposit (3% interest). From Google translation tool, I think it means co-operative housing but I am concerned it may not mean the same thing as a co-operative house in the UK.

Please if anyone understands this or has experience of this type of rent please give generous advice.

Warm Regards (28° & climbing)

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