Property Ownership
In Louisiana, condominium ownership means the unit owner holds:
AA leasehold interest in the unit
BFee simple ownership of the unit plus an undivided interest in common areas✓ Correct
CA cooperative share
DA license to occupy the unit
Explanation
Louisiana condominium owners hold fee simple title to their individual units and an undivided interest in the common elements of the condominium project, governed by the Louisiana Condominium Act.
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