In a condominium:
A) all residents own shares in the corporation that owns the building.
B) each resident purchases a living unit in the building.
C) the tenant owns a reversionary interest in the property.
D) the tenant creates a future interest in the property known as a possibility of reverter.

Question

Quizplus · Accepted Answer

In a condominium, each resident purchases and owns their individual living unit, while common areas are jointly owned by all residents.

In a Condominium