What is the difference between a cooperative and a condominium? What is a declaration of condominium and why is important?
Conduct some research on common interest communities and answer the following questions on them:
What is the difference between a cooperative and a condominium?
What is a declaration of condominium and why is important?
Name five elements that a declaration of condominium should contain.
What are time shares and would you consider getting one? If so, where and why?
Explain what a CCRC is and explain in detail each of the three types of contracts involved with living at one.
Answer preview What is the difference between a cooperative and a condominium? What is a declaration of condominium and why is important?
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