Property Ownership
A Vermont cooperative (co-op) apartment owner holds:
AFee simple title to their unit
BShares in the cooperative corporation and a proprietary lease to their unit✓ Correct
CA condominium interest
DA long-term ground lease
Explanation
In a cooperative, residents own shares in the cooperative corporation (not title to their unit) and receive a proprietary lease giving them the right to occupy their unit. The co-op corporation holds title to the entire building.
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