SOFTWARE DESIGN
ARCHITECTURAL DESIGN
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
apartment
|
|
|
condominium
|
|
|
home in pocket neighborhood
|
|
|
custom house
|
Detailed explanation-1: -A condominium, often shortened to simply “condo, ‘’ is a privately owned individual unit within a community of other units. In general, the owner usually owns the interior of their condo and the structural components of exterior walls.
Detailed explanation-2: -A condominium (also called a “condo") is a large property complex comprised of individual units, and each unit is owned separately. Ownership usually includes a nonexclusive interest in certain “community property” controlled by the condominium management.
Detailed explanation-3: -Title of land is transferred to the society. The society is the owner and the home buyers are members of this society. The individual condo buyer is the owner of the property. The society issues shares of the society to home buyers.