Property Ownership
A Vermont condominium owner owns the interior space of their unit in fee simple plus:
AA leasehold interest in the common elements
BAn undivided interest in the common elements as a tenant in common with other unit owners✓ Correct
CNo ownership interest in the building structure
DA license to use common areas revocable by the condo association
Explanation
In a Vermont condominium, each unit owner holds fee simple title to their individual unit plus an undivided percentage interest in the common elements (hallways, roof, parking areas, etc.) shared with all other owners.
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