Property Ownership
Under the Virginia Condominium Act, common elements are owned by:
AThe homeowners' association as a corporation
BThe condominium developer until all units are sold
CAll unit owners as tenants in common✓ Correct
DThe locality in which the condominium is located
Explanation
Under the Virginia Condominium Act, common elements are owned collectively by all unit owners as tenants in common, with each owner's percentage interest typically based on unit size.
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