You recently bought a new home. 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

When you buy a condominium, you obtain title to an individual unit within a larger property, along with a shared interest in the common areas and facilities. This is distinct from a single-family home, cooperative, row house, or mobile home, where the ownership arrangements differ.

You Recently Bought a New Home