Property Ownership
In Oregon, a condominium owner owns their unit and:
AHas no ownership interest in the common areas
BOwns an undivided percentage interest in the common elements of the condominium project✓ Correct
CIs a tenant of the condominium association
DOwns only the airspace within the unit boundaries
Explanation
Under Oregon's Condominium Act (ORS Chapter 100), a condominium owner holds fee simple title to their individual unit and an undivided percentage interest in the common elements (lobbies, hallways, parking areas, recreational facilities, roof, exterior walls, etc.). The percentage interest is typically based on the unit's relative size. Common elements are owned collectively by all unit owners through their HOA.
Related Oregon Property Ownership Questions
- A 'riparian buffer' requirement along Oregon waterways means:
- Under Oregon law, a deceased property owner's real property passes to their heirs through the probate process when:
- A 'survey' of real property defines:
- In Oregon, a 'right of first refusal' (ROFR) for a neighboring property owner means:
- In Oregon, what is the 'Torrens system' of title registration and is it used in Oregon?
- In Oregon, what is an 'equitable title' and how does it differ from 'legal title'?
- In Oregon, property transferred by a grantor to a grantee passes at the time of:
- In Oregon, when a married couple takes title as 'tenants in common,' what happens to one spouse's share upon death?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →