Under condominium ownership,a purchaser takes title to his or her individual unit and becomes a tenant in common with other unit owners in shared facilities.

Name: Under condominium ownership,a purchaser takes title to his or her individual unit and becomes a tenant in common with other unit owners in shared facilities.
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Question

Quizplus · Accepted Answer

Condominium ownership allows for individual unit ownership and the sharing of common facilities with other unit owners. This creates a form of ownership known as tenancy in common.

Under Condominium Ownership,a Purchaser Takes Title to His or Her