Amber purchased a fee simple absolute in a unit in a multi-unit apartment building.She belongs to an association which manages the common areas.Amber's interest is:
A) ownership in a condominium.
B) ownership of a share in a cooperative.
C) community property with the other apartment owners.
D) a tenancy by the entirety with the other apartment owners.

Question

Quizplus · Accepted Answer

Amber's ownership in a unit in a multi-unit apartment building and membership in an association that manages common areas indicate that she owns a condominium. In condominium ownership, the owner has a fee simple absolute in their unit and a shared interest in the common areas with other unit owners.

Amber Purchased a Fee Simple Absolute in a Unit in a Multi-Unit