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What do planned development, condominium, time-share, and stock cooperative projects have in common?

User Ahmy
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Final answer:

Planned development, condominium, time-share, and stock cooperative projects all involve multiple units or properties that are owned or shared by multiple individuals.

Step-by-step explanation:

Planned development, condominium, time-share, and stock cooperative projects all have in common that they involve multiple units or properties that are owned or shared by multiple individuals.

For example, in a planned development, a developer divides a piece of land into multiple lots or units, which can be sold or leased to individual homeowners. In a condominium, multiple units are owned individually, but there are also shared common areas and facilities that are maintained collectively by the condo owners. In a time-share, multiple individuals have partial ownership or rights to use a property for a specified period of time. In a stock cooperative, residents own shares in a corporation that owns the building or property, and each resident has the right to occupy a specific unit.

User Gant Laborde
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