Property Ownership

In Kansas, a condominium owner owns:

AThe entire building and the land under it

BTheir individual unit and a fractional interest in common elements✓ Correct

COnly the air space within their unit walls

DThe unit plus an undivided interest in all units in the building

Explanation

A condominium owner has fee simple ownership of their individual unit plus a fractional undivided interest in the common elements (hallways, parking, amenities) shared with other unit owners.

People Also Study

Key Terms to Know

Fee Simple

The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.

Joint Tenancy

Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.

Chain of Title

The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.

Tenancy in Common

Co-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.