Options:
|
Condominium: A person owns an individual unit within a multiple unit dwelling, but the members of the dwelling share in the costs, and maintenance of the common areas.
Cooperative: Housing where each tenant is a shareholder in a corporation that owns the building.
Fee Simple: Absolute ownership of real property.
Fractional: Several unrelated parties share in and mitigate the risk of the ownership of the property.
|
Ground Rent: Amount of money that is paid for the use of land when title to a property is held as a leasehold estate.
Land Lease: Permits the tenant to use a piece of land owned by the landlord in exchange for rent.
Timeshare: Ownership where individuals hold legal title to a particular property, each with the right of possession for a specified time interval.
Other: Any other Ownership Interest besides what is available in Bright.
|