Question

The common elements in a condominium are owned by

A) all the members of the OA as joint tenants.
B) all current owners as tenants in common.
C) all former and current unit owners as tenants in common.
D) the OA and current shareholders in severalty.

Answer 1

In a condominium, common elements are owned by all current owners as tenants in common, providing each with an undivided interest in these areas. Option number b is correct.

Step-by-step explanation:

The common elements in a condominium are typically owned by all current owners as tenants in common. This means that every unit owner in the condominium association has an undivided interest in the common elements.

The ownership as tenants in common allows each owner to have a proportional, undivided interest without any owner having exclusive rights to any specific part of the common property.

Answer 2

In a condominium, the common elements, such as hallways and recreational areas, are collectively owned by all current unit owners as tenants in common.

The correct answer is option B) all current owners as tenants in common.

Step-by-step explanation:

In a condominium, each unit owner typically owns their individual unit outright, but there are common elements that are shared by all unit owners. These common elements may include things like hallways, elevators, parking areas, and recreational facilities.

The ownership structure for common elements in a condominium is often as "tenants in common." This means that each current unit owner has an undivided interest in the common elements, and they share ownership with all the other current unit owners. Each owner has a percentage interest in the common elements, typically proportional to the size or value of their individual unit.

Therefore, the correct answer is option B) all current owners as tenants in common.