Conduct some research on common interest communities and answer the following questions on them:

  1. What is the difference between a cooperative and a condominium?
  2. What is a declaration of condominium and why is important?
  3. Name five elements that a declaration of condominium should contain.
  4. What are time shares and would you consider getting one? If so, where and why?
  5. Explain what a CCRC is and explain in detail each of the three types of contracts involved with living at one.

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