Property Ownership
In Florida, a condominium owner holds title to their unit as:
AA leasehold interest only
BFee simple ownership of the unit plus an undivided interest in the common elements✓ Correct
CA cooperative share
DA time-limited license to occupy
Explanation
Florida condominium owners hold fee simple title to their individual unit, plus an undivided fractional interest (as tenants in common) in the common elements of the condominium. This is governed by Chapter 718 F.S.
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