When multiple individuals have use of a property, but their interests are not simultaneous, this type of co-ownership is referred to as a:
A) Cooperative
B) Tenancy by the entirety
C) Condominium
D) Timeshare

Question

Quizplus · Accepted Answer

In a timeshare arrangement, multiple individuals have use of a property at different times (usually divided into weeks or months). This is different from other forms of co-ownership such as a cooperative, where individuals jointly own and operate the property; a tenancy by the entirety, where a married couple jointly own a property; or a condominium, where individuals own individual units within a larger building or development.

When Multiple Individuals Have Use of a Property, but Their