The type of development in which an owner obtains an individual deed to his or her living unit and has an undivided interest in all the land and common areas is a:
A) planned unit development
B) community apartment
C) stock cooperative
D) condominium

Question

Quizplus · Accepted Answer

A condominium is a type of development in which an owner obtains an individual deed to his or her living unit and has an undivided interest in all the land and common areas. Other options like a planned unit development, community apartment, and stock cooperative may have some similarities but do not fit the exact description provided in the question.

The Type of Development in Which an Owner Obtains an Individual