Property Ownership
Under the Wisconsin Condominium Ownership Act, common elements are owned by:
AThe condominium association as a corporation
BAll unit owners as tenants in common in proportion to their percentage interests✓ Correct
CThe developer until 75% of units are sold
DThe municipality in which the condo is located
Explanation
Under Wisconsin's Condominium Ownership Act, the common elements are owned by all unit owners as tenants in common, with each owner's interest proportional to their percentage of ownership as stated in the declaration.
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