Property Ownership
In Arizona, a condominium owner holds:
AA cooperative share in the entire building
BFee simple ownership of their individual unit and an undivided interest in the common elements✓ Correct
CA leasehold interest in the unit and the land
DOnly air rights above the unit floor
Explanation
A condominium owner in Arizona holds fee simple title to their individual unit and an undivided fractional interest (as a tenant in common) in the common elements shared with all other unit owners.
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