Ballast # 193

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MEI TI FAN

December 11, 2020 06:00

#193. Absolute title to a portion of a structure is known as : (A) fee simple ownership, (B) condominium ownership, (C) leasehold ownership, (D) cooperation ownership — The answer is (B). — Is there anyone know what’s different between the fee simple ownership and condominium ownership? Both are the absolute title but why the answer is (B)?

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  Gang Chen December 11, 2020 17:52

  The key words here are:

  “…a portion of a structure…”

  This means the owner does NOT own the entire structure, and s/he has to share common area with other owner of the same structure, thus, it should be (B) condominium ownership

  Gang Chen, Author, Architect, LEED AP BD+C (GreenExamEducation.com)

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