Which statement is true about ownership in a condominium?

• A. The owner owns the unit and has an undivided interest in the common elements.
• B. The association owns all living units.
• C. The owner has no interest in common elements.
• D. The living units are owned by the association.

Answer: (A)

Condominium ownership combines private unit ownership with shared ownership of common areas. Each owner holds a title to their individual unit and has an undivided, shared interest in the common elements (hallways, lobbies, pools, etc.) with all other unit owners. This shared ownership is typically managed by the homeowners association on behalf of the owners.

That is why the statement about owning the unit and having an undivided interest in the common elements is true. The association does not own all living units, and owners do have an interest in the common elements. The living units are not owned by the association.