Which of the following is a legal form of ownership in which the owners pay a monthly fee for maintenance of the common areas?

Question

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A condominium is a legal form of ownership in which individuals own their units and jointly own common areas. Owners pay a monthly fee for the maintenance of the common areas, such as fitness centers, pools, and landscaping. Cooperative housing, on the other hand, involves a corporation that owns the property and the residents own shares in the corporation, but do not own their units outright. Manufactured homes and single-family dwellings are not typically associated with a monthly fee for maintenance of common areas. Apartments are generally rented and not owned.

Which of the Following Is a Legal Form of Ownership