Property Ownership
A condominium owner in Nebraska owns:
AA share in a corporation that owns the building
BFee simple interest in their individual unit plus an undivided interest in common areas✓ Correct
COnly a leasehold interest in their unit
DThe entire building as a tenant in common with other unit owners
Explanation
Under the Nebraska Condominium Act, a condo owner holds fee simple title to their individual unit and an undivided fractional interest in the common elements (hallways, grounds, recreational areas).
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