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

question 45

Multiple Choice

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

• A)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 they really do.
• B)The various areas contained in a condominium complex are usually split between life estates and common tenancies.
• C)The individual units in a condominium complex are owned by the condominium corporation.
• D)The expenses associated with running a condominium complex are funded by an assessment on the owners of the units that is imposed by the condominium corporation.
• E)In most jurisdictions, the individual units within a condominium complex must be used for residential purposes.

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