Property Ownership
In New York, a 'condominium unit owner's' interest in the common elements of the building is:
ANo interest; only the Board of Managers owns the common areas
BAn undivided percentage interest in the common elements, appurtenant to their unit✓ Correct
CA leasehold interest in common areas only
DA right to exclusive use of all common areas
Explanation
Under New York's Condominium Act (RPL Article 9-B), each unit owner holds an undivided percentage interest in the common elements, appurtenant to their unit, in addition to fee simple ownership of the individual unit.
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