Which of the following is true about condominiums?
A) Each person owns a specific portion of the land on which a condominium is located.
B) Maintenance fees of common areas are shared.
C) They have more privacy than single family homes.
D) All of the above.

Question

Quizplus · Accepted Answer

Condominium owners share the cost of maintenance for common areas, which is a key feature distinguishing condos from other types of property ownership. Choices A and C are incorrect because, in a condominium, individuals own their specific unit space but not the land it sits on, and condos typically offer less privacy than single-family homes due to shared walls and common areas.

Which of the Following Is True About Condominiums