Property Ownership
A cooperative (co-op) owner in Massachusetts holds:
AFee simple title to their unit
BA proprietary lease and shares in a corporation that owns the building✓ Correct
CAn undivided interest in common elements only
DA condominium unit with cooperative rules
Explanation
In a cooperative, residents own shares in a corporation that owns the building and hold a proprietary lease giving them the right to occupy a specific unit. This is different from a condominium, where the unit owner holds title.
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