Elana is purchasing a property in Florida. After she closes, she will have fee simple ownership of 1/26 of the unit, and the ability to use the property for two weeks a year. What kind of property is she most likely purchasing? condo co-op duplex timeshare

Elana is purchasing a property in Florida. After she closes, she will have fee simple ownership of 1/26 of the unit, and the ability to use the property for two weeks a year. What kind of property is she most likely purchasing? condo co-op duplex timeshare

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Elana is purchasing a property in Florida. After
she closes, she
will have fee simple ownership of 1/26 of the
unit, and the
ability to use the property for two weeks a year.
What kind of
property is she most likely purchasing?
condo
co-op
duplex
timeshare

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