« previous next »

Author Question: How is the condominium a form of real estate ownership? What will be an ideal ... (Read 70 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?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ... Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ...
Cultures Ideal Body Types Cultures Ideal Body Types
How to quickly find the vertex of a quadratic equation that is in standard form How to quickly find the vertex of a quadratic equation that is in standard form
Western boundary currents form where gyres are confined by continents Western boundary currents form where gyres are confined by continents
Please advise 'How To' on Real Estate Math problem (Answer Provided)? Please advise 'How To' on Real Estate Math problem (Answer Provided)?
A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ... A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ...
Video: Methods that regulate pH

For a complete list of videos, visit our video library