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Author Question: Discuss the differences and similarities between a condominium, townhouse and ... (Read 122 times)

Zoey63294

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on: Jun 24, 2018
Discuss the differences and similarities between a condominium, townhouse and cooperatives.

Question 2

A physical transfer of the certificate without a necessary indorsement is not necessary for future gifts and sales.
  Indicate whether the statement is true or false


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annierak

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Condo - actual ownership of area in unit
Co-op - ownership of interest in corporation

Townhouse - own land and walls

All have an association, all have bylaws and controls on use. Co-ops control transfer. All have fees paid for common area maintenance.

Answer to Question 2

FALSE


Zoey63294

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
Excellent

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