Property Ownership
A condominium owner holds:
AA cooperative share in a corporation that owns the building
BFee simple ownership of their individual unit and an undivided interest in common areas✓ Correct
CA leasehold interest in their unit
DJoint tenancy with all other unit owners
Explanation
Condominium owners hold fee simple title to their individual unit and an undivided interest in the common elements (hallways, lobby, grounds) as tenants in common with all other unit owners.
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