Real Estate Law 11th Edition By Jennings – Test Bank

Chapter 11 Real Estate Communities Multiunit Interests and
Owners apos Associations
TRUEFALSE
1. A condominium unit cannot be mortgaged.
(A) True
(B) False
Answer : (B)
2. A co‑op interest cannot be mortgaged or pledged.
(A) True
(B) False
Answer : (B)
3. In a co‑op, the unit occupants do not hold an undivided joint interest in the common areas.
(A) True
(B) False
Answer : (A)
4. Transfer restrictions on co‑op interests are invalid.
(A) True
(B) False
Answer : (B)
5. Time‑sharing interests can be fee simple interests.
(A) True
(B) False
Answer : (A)
6. The Uniform Condominium Act has been adopted in a majority of the states.
(A) True
(B) False
Answer : (B)
7. A Declaration of Horizontal Property Regime is a Declaration of Condominium.
(A) True
(B) False
Answer : (A)
8. Common areas are specified in the Declaration of Condominium.
(A) True
(B) False
Answer : (A)
9. Condominium owners have no ownership rights in the common areas.
(A) True
(B) False
Answer : (B)
10. Bylaws specify meeting requirements.
(A) True
(B) False
Answer : (A)