Property Ownership
Under the Rhode Island Condominium Act, each condominium unit owner receives:
AA leasehold interest in the unit
BA fee simple interest in their unit plus an undivided interest in the common elements✓ Correct
CA life estate in the unit only
DA cooperative share in the entire building
Explanation
Under the Rhode Island Condominium Act, each unit owner receives a fee simple interest in their individual unit plus an undivided percentage interest in the common elements of the condominium.
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