Which of the Following Statements Is TRUE with Respect to a Condominium

question 38

Multiple Choice

Which of the following statements is TRUE with respect to a condominium?

• A) The individual units in a condominium complex are owned by the condominium corporation.
• B) In most jurisdictions, the individual units within a condominium complex must be used for residential purposes.
• C) The various areas contained in a condominium complex are usually split between life estates and common tenancies.
• D) The word "condominium" is derived from two Latin words meaning "tricked" (con) and "control" (dominium), because the member of a condominium complex appears to own more than he or she really does.
• E) The expenses associated with running a condominium complex are funded by a sort of "tax" that is imposed by the condominium corporation.

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