Property Ownership
A cooperative (co-op) owner holds:
AFee simple title to their unit
BShares in the corporation that owns the building and a proprietary lease for their unit✓ Correct
CA life estate in their unit
DA leasehold interest without any ownership rights
Explanation
In a cooperative, residents do not own their units outright. Instead, they own shares of stock in the corporation that owns the entire building and receive a proprietary lease giving them the right to occupy their unit.
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