Property Ownership
In West Virginia, when a condominium unit is purchased, the unit owner receives a deed to:
AOnly the air space within the unit's walls
BThe individual unit in fee simple, plus an undivided interest in common elements✓ Correct
CA share in the condominium corporation similar to a cooperative
DA leasehold interest in the unit from the condo association
Explanation
A condominium unit owner holds fee simple ownership of their individual unit (including the airspace and typically the walls' interior) plus an undivided percentage interest in the common elements, recorded in the condominium declaration.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
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