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Match the Common Interest Realty Association (CIRA) with the appropinate definition: Condominium Cooperative Planned Unit Development a. A corporation purchases a multi-unit dwelling and issues
Match the Common Interest Realty Association (CIRA) with the appropinate definition: Condominium Cooperative Planned Unit Development a. A corporation purchases a multi-unit dwelling and issues shares in the corporation to represent the proportion of ownership of the entire property. A proprietary lease entitles shareholders to occupy one unit. b. A multiple-unit residence in which the units are individually owned An individual owns the space bounded by the floor, walls, and ceiling of a particular unit. c. Residents purchase their dwelling, the property, and an undivided share of the common areas like roads, parks, and recreational amenities
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