ADMS 3810 Lecture 7: ADMS 3810 Lecture 7
27 Apr 2018
School
Department
Course
Professor
ADMS 3810
Lecture 7
• Condominium
o Does not derive from English common law (21 years)
o Joint ownership and control
o Separate mortgage
• Cooperative
o Corporation has the ownership
o Individual Only get shares, not ownership
o Single mortgage
o Need permission to sell
• Co-Ownership
o Undivided percentage of the building that is registered on title
along with the exclusive right to occupy a specific unit
o Need approval to sell
o Hard to get mortgage
• Time share
o Houses in Orlando
Real Entities are used to pool capital contributions from many people
• General Partnership
o 2 or more person are associated as co-owner
• Limited Partnership
1 or more general partners who manage the partnership affairs and 1 or
more partners who are passive investors and who may legally limit their
amount of cash invested
• Corporation
find more resources at oneclass.com
find more resources at oneclass.com
