Question

Which of the following is true about condominiums?

A) Each person owns a portion of the land on which a condominium is located.
B) Maintenance fees of common areas are shared.
C) They have more privacy than single family homes.
D) All of the above.

Answer 1

Condominiums are a type of housing where individual unit owners share maintenance fees for common areas and can have more privacy compared to single-family homes. correct answer is option D

Step-by-step explanation:

Condominiums are a form of housing where each person owns an individual unit within a larger building or complex. They share ownership of common areas such as hallways, lobbies, and amenities, and contribute to the maintenance of these areas through shared fees.

This means that option B) 'Maintenance fees of common areas are shared' is true about condominiums. Additionally, some condominiums may have more privacy compared to single-family homes depending on the design and layout, so option C) 'They have more privacy than single-family homes' can also be true in certain cases.

Therefore, the correct answer is option D) 'All of the above'.