Property Ownership
Texas Property Code Chapter 82 governs condominiums. Under this chapter, a condominium owner holds:
AOnly a leasehold interest in their unit
BFee simple title to their individual unit and an undivided interest in the common elements✓ Correct
CA proprietary lease from the condominium association
DA cooperative share in the building
Explanation
Under Texas Property Code Chapter 82 (Texas Uniform Condominium Act), a condominium owner holds fee simple title to their individual unit plus an undivided proportionate share in the common elements (lobbies, hallways, recreation areas, land). This differs from a cooperative (co-op) where shareholders have proprietary leases.
Related Texas Property Ownership Questions
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