Which of the following is False with regard to condominiums and cooperatives?
A) The owner of a condominium has a fee simple interest in his unit within the condominium structure.
B) The owner of a condominium owns a share in the common areas.
C) The owner of a condominium can be forced to pay a fee levied by the condominium association governing the condominium.
D) The owner of a condominium can mortgage his interest.
E) An owner of a cooperative, like the owner of a condominium, has a real property interest in the suite.

Question

Quizplus · Accepted Answer

An owner of a cooperative does not have a fee simple interest in real property like the owner of a condominium, but rather owns shares in the cooperative corporation and has a proprietary lease on the suite.

Which of the Following Is False with Regard to Condominiums