Property Ownership
A Vermont condominium owner holds:
AA lease on their unit and common areas
BFee simple title to their unit and an undivided share in the common elements✓ Correct
CA cooperative share certificate
DA life estate in the unit
Explanation
Vermont condominium owners hold fee simple title to their individual unit and an undivided percentage interest in the common elements (hallways, lobby, land, etc.) shared with other unit owners.
Related Vermont Property Ownership Questions
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