Property Ownership
In New Mexico, a condominium owner holds:
AOnly an air rights interest
BFee simple ownership of the unit plus an undivided interest in common elements✓ Correct
CA leasehold interest in the unit
DOwnership of the unit and the land beneath it
Explanation
Condo ownership gives the owner fee simple title to their individual unit plus an undivided proportional share of the common elements (hallways, lobby, pool, parking, etc.) as a tenant in common with other owners.
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