A Corporation is any organization that is legally recognized and can act as a single entity, so a co-op, commune, even an HOA that has common areas would probably be setup as a corporation even if the property relations are different than a private for-profit company.
The distinction can be seen in late 1800s Mexico where liberal reformers were trying to get rid of corporate ownership of land to promote individual ownership like in the US. What this meant was many villages who held property in common since before the aztecs were being forced to split up the common land and distribute it to each individual family, so that then the rich landlords could piece by piece buy up the land starting with the poorest families.
Personal/private property for things individuals own and corporate property for things companies own? That’s just a suggestion off the top of my head
Congratulations! You made the distiction even more complicated by introducing another, superfluous term! /s
But they are terms they understand, so it’s okay! Communication restored without any critical thought on why they didn’t understand the other words.
“Business” would be a better term than “corporate” in this context.
Sure, it was just a suggestion off the top of my head as I said, your suggestion is definitely better :)
Would rental property owned by small landlords be considered “corporate property”?
A Corporation is any organization that is legally recognized and can act as a single entity, so a co-op, commune, even an HOA that has common areas would probably be setup as a corporation even if the property relations are different than a private for-profit company.
The distinction can be seen in late 1800s Mexico where liberal reformers were trying to get rid of corporate ownership of land to promote individual ownership like in the US. What this meant was many villages who held property in common since before the aztecs were being forced to split up the common land and distribute it to each individual family, so that then the rich landlords could piece by piece buy up the land starting with the poorest families.