Property Ownership
Which of the following is a characteristic of a condominium under the Oregon Condominium Act?
AOwners hold an undivided interest in the entire complex, including all units
BEach unit owner holds fee simple title to their individual unit plus a shared interest in common elements✓ Correct
COwnership is limited to a leasehold interest in the unit
DThe homeowners association holds title to all units
Explanation
Under the Oregon Condominium Act (ORS Chapter 100), each condominium owner holds fee simple title to their individual unit plus an undivided interest in the common elements (hallways, lobbies, grounds, etc.) shared by all owners.
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