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30 September, 10:24

T has a proprietary lease on an individual unit in the prestigious Triumphant Estates. Most likely, what does T own?

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Answers (1)
  1. 30 September, 12:01
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    T own shares in a cooperative unit

    Explanation:

    This is the correct option simply because of the definition of a proprietary lease. A proprietary lease is mostly known as an occupancy agreement. This documents provides shareholders who are part of a housing cooperative the right to inhabit a unit of the houses mostly in an estate,
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