When you receive title to an individual unit and joint ownership of any common areas and facilities,you have purchased a
A) single family home.
B) cooperative.
C) condominium.
D) row house.
E) mobile home.

Question

Quizplus · Accepted Answer

Condominiums typically involve buying individual units within a larger complex, and the ownership includes joint ownership of any common areas or facilities such as a pool or clubhouse. Single family homes, row houses, and mobile homes do not typically have shared common areas or facilities. Cooperatives involve owning shares in a corporation that owns the entire building, rather than owning individual units.

When You Receive Title to an Individual Unit and Joint