Editing Condominium (section)

=== Denmark ===
Apartments (Danish ''ejerlejlighed'', literally "owner-apartment") comprise some 5% of Danish homes.<ref name="danske-boligmarked">{{cite web
 |title        = Det danske boligmarked - udvikling i boligforsyning og boligønsker
 |author       = Statens Byggeforskningsinstitut og Amternes og Kommunernes Forskningsinstitut
 |url          = http://www.sbi.dk/download/pdf/det_danske_boligmarked.pdf
 |access-date   = 2009-10-12
 |archive-url  = https://web.archive.org/web/20110719132112/http://www.sbi.dk/download/pdf/det_danske_boligmarked.pdf
 |archive-date = 2011-07-19
 |url-status     = dead
}}</ref>
They are traded and mortgaged on the same markets as freestanding houses, and are treated legally much like other forms of real estate. Each owner-tenant directly owns their own apartment; the rest of the building and the ground on which it stands is owned jointly by the apartment owners, who execute their joint ownership through an ''owner's association''. The expenses of maintaining the joint property are shared ''pro rata'' among the owners.

Another 5% of Danish homes are in [[housing cooperative]]s (Danish ''andelsbolig''), which occupy a legal position intermediate between condominiums and [[housing association]]s. The entire property is legally owned by a non-profit corporation, in which the tenants own shares; each share carries the right and duty to lease an apartment from the cooperative. Shares can be bought and sold, but often the cooperative's rules strictly limit the price for which they may change hands. (In contrast, condominiums are traded on a free market). Because the official share prices are often lower than the market value and sellers often retain the freedom to select whom to sell to, under-the-table payments occur.<ref name="danske-boligmarked"/>

Current public policy favors condominiums over housing cooperatives, and recent legislation has aimed at making the latter more condominium-like. For example, since 2005, cooperative shares may be used to secure bank loans. (However, Danish [[Danish mortgage market|mortgage banks]] still may not mortgage individual housing cooperative apartments.)