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
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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
Transcribed Image Text: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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