« previous next »

Author Question: How is the condominium a form of real estate ownership? What will be an ideal ... (Read 68 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
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

  • Sr. Member
  • ****
  • Posts: 326
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Aug 3, 2018
Thank you!


lin77x

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Aug 3, 2018
Always glad to help...


« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Several species of squirrels have melanistic phases. In large parts of United States and Canada, the Several species of squirrels have melanistic phases. In large parts of United States and Canada, the
Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas? If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas?
Days 18–23 Bumps of mesoderm (somites) form. They will develop into the dermis and most of the ... Days 18–23 Bumps of mesoderm (somites) form. They will develop into the dermis and most of the ...
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library