In a Condominium

question 5

Multiple Choice

In a condominium:

• A) all residents own shares in the corporation that owns the building.
• B) each resident purchases a living unit in the building.
• C) the tenant owns a reversionary interest in the property.
• D) the tenant creates a future interest in the property known as a possibility of reverter.

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Definitions:

Lawful

Conforming to, permitted by, or recognized by law or rules.

Employer

An individual or organization that hires and pays people to perform work or provide services.

Discriminatory

Showing prejudice or bias, particularly in a way that treats an individual or group unfairly based on characteristics such as race, age, sex, or disability.

Disabilities

Physical or mental conditions that limit a person's movements, senses, or activities, affecting their daily life and possibly requiring special accommodations.