Which of the following statements is false regarding a condominium interest?
A) The holder has exclusive ownership rights of a unit within the condominium.
B) The holder shares joint tenancy with the other condominium owners over the land.
C) The holder has tenancy in common with the other condominium owners over the buildings and improvements of the common areas of the development.
D) The architecture and use of common areas are regulated by a condominium association.
E) The condominium association has the power to levy assessments against the unit owners for maintenance of common areas.

Question

Quizplus · Accepted Answer

In a condominium, the holder does not share joint tenancy with other owners over the land; instead, they typically have a form of ownership such as tenancy in common for the land and common areas, allowing each owner an undivided interest in these areas.

Which of the Following Statements Is False Regarding a Condominium