Property Ownership
In Maine, a condominium owner's interest in the common elements is typically:
AHeld in trust by the condo association
BAn undivided fractional interest held as tenants in common✓ Correct
COwned outright by the association
DLeased from the developer
Explanation
Maine condominium owners hold an undivided fractional interest in the common elements as tenants in common, proportional to their unit's percentage interest as stated in the declaration.
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