Property Ownership
A condominium owner in Alaska holds:
AA leasehold interest in their unit and tenancy in common in the common areas
BFee simple title to their unit and an undivided interest in the common elements✓ Correct
CA cooperative share that entitles them to occupy a specific unit
DA life estate in their unit with reversion to the association
Explanation
A condominium owner holds fee simple title to their individual unit (airspace) and an undivided fractional interest as a tenant in common in the common elements (hallways, grounds, structural components). The unit and common area interest cannot be separated and transfer together.
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