Author Question: In this variety of common interest community, the individual does not own the real estate. Rather, ... (Read 37 times)

Garrulous · **on:** Aug 3, 2018

In this variety of common interest community, the individual does not own the real estate. Rather, the realty is owned by a corporation. Individuals purchase stock in the corporation where ownership includes the right to occupy a portion of the realty owned by the corporation:

A. Cooperative
B. Condominium
C. Time share
D. Leasehold

Question 2

A fractional ownership of property, usually based on a time factor, such as a particular week or month each year:

A. Condominium
B. Co-op
C. Fractional tenancy
D. Time share