Property Ownership
Which of the following is NOT a characteristic of a condominium?
AIndividual unit owners hold fee simple title to their units✓ Correct
BCommon areas are owned jointly by all unit owners
CA homeowners association manages the common elements
DEach owner holds title to the land beneath their unit
Explanation
In a condominium, individual owners do not hold title to the land beneath their unit — the land and structural elements are typically part of the common elements owned collectively by all unit owners. Each owner holds fee simple title only to the airspace of their unit.
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