What is the primary difference between a freehold townhouse and a condominium townhouse?
Correct Answer
B) Freehold includes land ownership while condominium involves shared ownership of common elements
A freehold townhouse includes ownership of both the dwelling and the land beneath it, while a condominium townhouse involves individual ownership of the unit plus shared ownership of common elements through a condominium corporation. This ownership structure affects maintenance responsibilities, fees, and decision-making authority.
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