Condominium owners have no ownership rights in the common areas.
Correct Answer:
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Q4: Transfer restrictions on co-op interests are invalid.
Q5: Time-sharing interests can be fee simple interests.
Q6: The Uniform Condominium Act has been adopted
Q7: A Declaration of Horizontal Property Regime is
Q8: Common areas are specified in the Declaration
Q10: Bylaws specify meeting requirements.
Q11: A proprietary lease is used in a
Q12: A co-op need not be incorporated.
Q13: A time-sharing interest can only be a
Q14: Developers are responsible for pre-conversion expenses.
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