In a condominium and townhome,the buyer receives title to an individual unit and joint ownership of the common areas.

Name: In a condominium and townhome,the buyer receives title to an individual unit and joint ownership of the common areas.
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Quizplus · Accepted Answer

This is correct. In a condominium or townhome, the buyer purchases title to an individual unit along with joint ownership of the common areas, such as hallways, elevators, and clubhouses. This is usually outlined in the homeowner association (HOA) agreement.

In a Condominium and Townhome,the Buyer Receives Title to an Individual