Property Ownership
In a condominium, the owner holds fee simple title to:
AThe entire building and land
BTheir individual unit and an undivided interest in common areas✓ Correct
COnly the air space within their unit
DA share in a cooperative corporation
Explanation
A condominium owner holds fee simple title to their individual unit (typically the airspace within the unit boundaries) plus an undivided interest in the common elements (hallways, lobbies, exterior, land) as tenants in common with other unit owners.
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