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A form of Property ownership in which each owner holds Title to his/her individual Unit, plus a fractional Interest in the common areas of the multi-unit project. Each owner pays taxes on his/her property, and is free to Sell or Lease it.

Related Terms: 11 ACH, Action, FRA, Interest, Lease, Own, Property, Sell, Tax, Title, Unit
Other Related Pages: Category: Real_Estate Starting With: C
Semi Related Terms: 556 CLICK HERE TO VIEW
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