Property Ownership
A condominium owner's property interest includes:
AOwnership of the exterior walls and roof only
BAn exclusive fee simple interest in the unit and an undivided interest in the common elements✓ Correct
CA leasehold interest in the unit for a fixed term
DOwnership of the land beneath the building
Explanation
A condominium owner holds a fee simple interest in their individual unit (generally from wall to wall) plus an undivided fractional interest in the common elements (hallways, parking areas, amenities, etc.) shared with other unit owners.
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