Which arrangement is associated with a property owned by a nonprofit corporation with stock ownership?

The arrangement associated with a property owned by a nonprofit corporation with stock ownership is the cooperative. In a cooperative, residents do not own their individual units outright; instead, they own shares in a nonprofit corporation that holds the title to the entire property. The number of shares each resident owns typically correlates to the size of the unit they occupy and entitles them to a proprietary lease allowing them to live in that unit.

This structure allows residents to collectively make decisions about the management and operations of the property, which can be more efficient and community-oriented compared to other forms of property ownership. It facilitates a sense of community living and typically involves a shared responsibility for maintenance and governance.

In contrast, the other arrangements like condominiums, community property, and joint tenancy operate under different ownership models. A condominium involves individual ownership of units with shared common areas, community property pertains to property ownership shared between married couples, and joint tenancy is a form of ownership where two or more parties have equal shares and rights to the property, characterized by the right of survivorship.