In condominium ownership, what do owners hold title to?

In condominium ownership, owners hold a fee simple title to their individual units. This means that each owner has complete ownership rights over their specific unit, including the ability to sell, lease, or modify their space according to the governing documents of the condominium association.

Condominium ownership also typically includes an undivided interest in the common areas of the property, which may encompass facilities like gyms, pools, and hallways, but the key aspect is that owners possess a clear and definitive ownership of their own unit. This differs fundamentally from multiple-unit dwellings where individuals may have a right to occupy but do not own the space outright.

The incorrect options highlight misunderstandings of condominium ownership. Ownership of the entire structure, for instance, would imply collective ownership and management rather than individual fee simple titles for each unit. Holding only the land would not reflect the nature of condo ownership, where individuals do not generally own the land outright. Finally, a license for occupancy suggests a temporary arrangement without ownership rights, which doesn’t align with the permanent nature of condominium ownership.