Which form involves several owners holding fee simple title to individual units and proportional shares in the whole property common elements?

• A. Condominiums
• B. Co-operatives
• C. Tenancy in Common
• D. Joint Tenancy

Answer: (A)

Think about how ownership is arranged when there are multiple living units and shared spaces. In a condominium, each owner has the fee simple title to their individual unit, while the common elements—lobbies, halls, amenities, and the surrounding property—are owned by all unit owners together in undivided, proportional shares. That proportional share is tied to the unit’s value or the percentage defined in the governing documents, and the owners collectively manage and pay for those shared areas through a condo association.

This setup fits the description because it combines exclusive ownership of separate units with a shared, proportional interest in the common elements. Other forms differ: a cooperative gives residents shares in a corporation rather than fee simple unit ownership; tenancy in common involves undivided ownership of the entire property rather than unit-by-unit ownership with declared common-element interests; and joint tenancy features right of survivorship with equal shares, not a system tied to individual units and their proportional common-element interests.