A Unit in a Multiple- Unit Development That May Be

question 13

Multiple Choice

A unit in a multiple- unit development that may be owned in fee simple is usually referred to as

• A) a condominium.
• B) life estates.
• C) a tenancy in common.
• D) real estate development.
• E) joint tenancy.

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Definitions:

Driving Miles

A measure of distance traveled by vehicles, often used to assess fuel consumption or travel costs.

Equality

The state of being equal, especially in status, rights, opportunities, or distribution of wealth.

Efficiency

In economic terms, this refers to the optimal production and allocation of resources to maximize output with the least waste.

Scarce Resources

Limited resources which are not enough to satisfy the unlimited wants of people.