Property Ownership
A Virginia condominium owner holds:
AA leasehold interest in their unit
BFee simple ownership of their unit plus an undivided interest in common elements✓ Correct
COnly a personal property interest
DTitle to the land beneath their building
Explanation
Under the Virginia Condominium Act, a unit owner holds fee simple title to their individual unit and owns an undivided percentage interest in the common elements of the condominium.
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