In a condominium, what does ownership usually not include?

In a condominium, what does ownership usually not include?

• A. The common areas
• B. A specific part of the building
• C. The land on which the building sits
• D. Airspace above the unit

Answer: (A)

In a condominium ownership structure, individual owners typically possess a specific part of the building, such as their individual unit, which includes the interior space. They also own airspace above and below their unit, but this ownership does not extend to the land on which the condominium is built. The common areas, such as lobbies, elevators, pools, and gardens, are generally owned collectively by all unit owners as part of the condominium association. This shared ownership of common areas is a fundamental characteristic of condominium living that distinguishes it from other forms of property ownership. Therefore, ownership in a condominium usually does not include ownership of the land on which the structure is situated, as that is typically part of the common property shared among all unit owners.

In a condominium ownership structure, individual owners typically possess a specific part of the building, such as their individual unit, which includes the interior space. They also own airspace above and below their unit, but this ownership does not extend to the land on which the condominium is built.

The common areas, such as lobbies, elevators, pools, and gardens, are generally owned collectively by all unit owners as part of the condominium association. This shared ownership of common areas is a fundamental characteristic of condominium living that distinguishes it from other forms of property ownership. Therefore, ownership in a condominium usually does not include ownership of the land on which the structure is situated, as that is typically part of the common property shared among all unit owners.