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Author Question: How is the condominium a form of real estate ownership? What will be an ideal ... (Read 88 times)

neverstopbelieb

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on: Aug 3, 2018
How is the condominium a form of real estate ownership?
 
  What will be an ideal response?

Question 2

How do common interest communities make home ownership more affordable?
 
  What will be an ideal response?


lin77x

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Reply #1 on: Aug 3, 2018
Answer to Question 1

Condominium owners own their own individual unit in fee simple and own a percentage of the common areas.

Answer to Question 2

One way to achieve the security of home ownership is to share ownership and the related costs of upkeep and taxes with others. A CIC is a vehicle with which to accomplish this.


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neverstopbelieb

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Reply #2 on: Aug 3, 2018
Thank you!


lin77x

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Reply #3 on: Aug 3, 2018
Always glad to help...


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