Which of the following statements is NOT true of a straight rental agreement?
A) Condo owners receive a portion of the rental revenues.
B) All condominium owners share in rental income based on the square footage of their units.
C) The owners typically pay for all taxes, utilities, and general maintenance expenses.
D) The owners receive a percentage of the rental income (usually 49%) , and the management company retains the remainder (usually 51%) .
Correct Answer:
Verified
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