Property Ownership
A condominium owner in Texas owns:
AAn undivided interest in the entire complex only
BTheir individual unit in fee simple plus an undivided interest in common elements✓ Correct
CTheir unit as a leasehold interest
DOnly air rights above the foundation
Explanation
Under the Texas Condominium Act, a condo owner has fee simple ownership of their individual unit plus an undivided percentage interest in the common elements (hallways, pool, grounds, etc.).
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