Property Ownership
In Michigan, a condominium owner holds:
AA leasehold interest in the unit only
BFee simple ownership of the unit and an undivided interest in common elements✓ Correct
CA life estate in the unit
DNo ownership interest in the land
Explanation
Michigan condominium owners hold fee simple title to their individual unit and an undivided proportional interest in the common elements of the condominium complex.
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