Property Ownership
What type of ownership interest does a condominium owner hold under the Wyoming Condominium Act?
AA leasehold interest
BFee simple ownership of the unit plus an undivided interest in common areas✓ Correct
CA cooperative share
DA life estate
Explanation
Under the Wyoming Condominium Act, each condominium owner holds fee simple title to their individual unit and an undivided fractional interest in the common areas and facilities. This differs from a cooperative, where residents own shares in a corporation.
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