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

Question

Quizplus · Accepted Answer

In a cooperative, the owner does not have a real property interest in the suite; instead, they own shares in a corporation that owns the building, which gives them the right to occupy a unit.

Which of the Following Is False with Regard to Condominiums