Question

Fee simple ownership, shared walls, and a fractional interest in common areas are all characteristics of

Answer 1

Answer: Townhouses

Explanation;

Townhouses are fee-simple which means that the owner of a townhouse owns the land and everything in it. It gives the broadest ownership rights available.

As Townhouses are a mix between a Condominium and a typical Single-Family house, they also have shared walls and a fractional interest in common areas such as parking lots.