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

In a cooperative (co-op), the owner does not have a real property interest in a specific suite or unit. Instead, they own shares in a corporation that owns the building, and those shares entitle them to a lease or right to occupy a specific unit, contrasting with the real property interest held by condominium owners.

Which of the Following Is False with Regard to Condominiums