Question

In large high rise condominiums, each unit is owned by individual owners. The elevators, parking garage, and swimming pool are called: A. proprietary elements B. common area elements C. separate property D. community property

Answer 1

Answer:

B. common area elements

Explanation:

-Proprietary elements refer to something that has a trademark or it is protected by property rights and can only be used or sold by the owner.

-Common area elements refer to the parts of a condominium that can be used by all the people living there and that belong to all the owners.

-Separate property refers to a property that people get before marriage and doesn't count as part of the marital property.

-Community property refers to property purchased during marriage that is considered marital property.

According to this, the answer is that the elevators, parking garage, and swimming pool are called common area elements.

Answer 2

Answer:

B. common area elements

Explanation:

Common Area elements are those spaces in real estate that are meant for general use. They are not owned exclusively by one person but are rather shared by the people who live within the area. The people pay some maintenance fee to keep the common area elements in good conditions.

In condominiums, the elevators, parking garage, and swimming pools are collectively shared by residents, and they all pay for the maintenance of these properties. Therefore, they can be said to be Common Area elements. Common Area elements can be found in residential, business and Government-owned properties.