Property Ownership (alternative)
A Maryland cooperative (co-op) owner technically owns:
AFee simple title to their unit
BShares of stock in the cooperative corporation and a proprietary lease✓ Correct
CA condominium unit with common area rights
DA life estate in the unit
Explanation
In a cooperative, residents own shares of stock in the cooperative corporation and receive a proprietary lease for their unit—not fee simple title to any real property.
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