Discuss the differences and similarities between a condominium, ...

[Zoey63294]

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

[annierak]

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]

Thanks for the timely response, appreciate it

[sailorcrescent]

Great answer, keep it coming