Examlex
Which statement is NOT true?
Concurrent Property Ownership
Refers to a situation where two or more parties hold ownership rights in a single piece of property simultaneously.
Cooperative
An organization owned and operated by a group of individuals for their mutual benefit.
Fee Simple Absolute
The most complete form of property ownership, giving the owner total control and rights to the property.
Condominium
A condominium is a type of property ownership where individual units in a larger complex are owned independently while common areas are held jointly by the unit owners.
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