The primary advantage of a cooperative ownership is that?

The primary advantage of cooperative ownership is that residents can vote on management decisions. In a cooperative, the property is owned collectively by its residents, who hold shares in the corporation that owns the building rather than individual units. This structure allows residents to participate in decision-making processes regarding management, maintenance, and other communal matters affecting their living environment. Each resident's vote carries weight in determining how the cooperative is run, allowing them to have a direct say in issues such as budgeting, policies, and community rules.

This participatory aspect is a significant benefit, as it fosters a sense of community and shared responsibility among the residents. Engaging residents in governance can lead to more personalized and thoughtful management, addressing the specific needs and preferences of the community as a whole.

In contrast, the other options do not accurately represent the benefits of cooperative ownership. Unlimited liability is generally a disadvantage rather than an advantage, fee simple ownership pertains to a different type of property ownership (individual ownership with full rights), and separate deeds are typical in condominiums rather than cooperatives, where ownership is collective.