Common Interest Ownership

Question 1

A disadvantage of owning a townhome

Answer 1

Sharing walls with neighbors

Question 2

Maintaining smaller front and back yars

Answer 2

Advantage of townhome living

Question 3

This is a defininite disadvantage

Answer 3

HOA dues

Question 4

HOA covers

Answer 4

Repair and replacement and exterior common area maintenance.

Question 5

Condo ownership dues

Answer 5

Disadvantage

Question 6

No yard work, secure building, potential investment property to lease or rent

Answer 6

Advantages to a Condo

Question 7

Coop shareholders do not

Answer 7

Own real estate instead they receive corporate shares

Question 8

Coop shareholders pay monthly fees to the

Answer 8

Board who are responsible for all of the financial and policy decisions of the corporation

Question 9

Time-share owners share their use of the unit

Answer 9

With Others

Question 10

Time-shares can be purchased as time-share estate or

Answer 10

time-share use

Question 11

Required when selling a time-share

Answer 11

Certificate of Resale

Question 12

You own the home interior including the walls but not the land on which it sits

Answer 12

Condo