Property Ownership
In New York, a condominium owner holds title to:
AShares in a building corporation
BTheir individual unit in fee simple plus an undivided interest in common areas✓ Correct
CA proprietary lease for their unit
DThe entire building jointly with other owners
Explanation
A condominium owner holds fee simple title to their individual unit and an undivided percentage interest in the common elements of the condominium project.
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