Property Ownership
In an Indiana condominium, the unit owner typically owns:
AOnly air space within the walls of their unit, with no real property interest
BTheir individual unit in fee simple plus an undivided interest in the common areas✓ Correct
COnly a leasehold interest in their unit
DThe entire building jointly with all other unit owners
Explanation
Under Indiana's Condominium Act, a unit owner holds fee simple title to their individual unit and also owns an undivided percentage interest in the common areas and facilities shared by all unit owners.
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