Question

Tamara and her children live in a subdivision with a tennis court and swimming pool. Her children are thrilled to be able to use these wonderful amenities. Who actually owns the tennis court and swimming pool? Tamara and her children reside in which type of common interest development?A. The tennis court and swimming pool are owned by the investors in the subdivision development. It is a Planned Unit Development.B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.C. The tennis court and swimming pool are owned in common by all the property owners. It is a subdivision.D. None of the Above.

Answer 1

The correct answer is B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.

Step-by-step explanation:

The planned unit developtment is a type of possession where individuals actually own the building or Unit in which they live but there are common areas that are jointly owned with the other members of the development or association. Unlike a Condominium, where individuals actually own the airspace of their unit, but common buildings and areas are jointly owned with others in a development or association.