When you receive title to an individual unit and a joint ownership of any common areas and facilities,you have purchased a:
A)single family home.
B)cooperative.
C)condominium.
D)row house.
E)mobile home.

Question

Quizplus · Accepted Answer

Condominiums involve individual ownership of a specific unit and joint ownership of any common areas or facilities, such as a pool or gym. This is different from a single family home or row house, where you have sole ownership of the entire property, or a cooperative, where you own a share in the entire building or community. Mobile homes are generally not classified as condominiums.

When You Receive Title to an Individual Unit and a Joint