A __________ is a combination of co-ownership and individual ownership.
A) cooperative
B) residential lease
C) commercial lease
D) condominium

Question

Quizplus · Accepted Answer

In a condominium, each individual unit owner owns their unit as well as a portion of the common areas/shared spaces in the building, such as hallways or the building's exterior. This allows for individual ownership and control of one's own unit, while still sharing responsibility for the maintenance and upkeep of shared areas.

A __________ Is a Combination of Co-Ownership and Individual Ownership