American_Bankers_Association
CTFA · Question #198
A form of direct ownership f an individual unit in a multi-unit project in which lobbies, swimming pools, and other common areas are jointly owned by all property owners in t project.
The correct answer is A. Condominium. See the full explanation below for the reasoning.
Estate Planning
Question
A form of direct ownership f an individual unit in a multi-unit project in which lobbies, swimming pools, and other common areas are jointly owned by all property owners in t project.
Options
- ACondominium
- BSingle family homes
- CCooperative apartment
- DRental units
How the community answered
(28 responses)- A75% (21)
- B4% (1)
- C7% (2)
- D14% (4)
Topics
#condominium#real property#direct ownership#common areas
Community Discussion
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