In a condominium, who owns the common elements such as the elevator, pool, and hallways?

In a condominium, who owns the common elements such as the elevator, pool, and hallways?

• A. All current unit owners as tenants in common
• B. The HOA board
• C. The building owner
• D. The local government

Answer: (A)

In a condominium, the common elements like the elevator, pool, and hallways are owned by the unit owners collectively. Each owner holds an undivided interest in those elements, typically described as tenants in common. The homeowners association administers and maintains these areas on behalf of all owners, funded by assessments, but it does not own the common elements itself. The building owner and local government don’t own the common elements in this setup. So the owners collectively, as tenants in common, own the common elements.

In a condominium, the common elements like the elevator, pool, and hallways are owned by the unit owners collectively. Each owner holds an undivided interest in those elements, typically described as tenants in common. The homeowners association administers and maintains these areas on behalf of all owners, funded by assessments, but it does not own the common elements itself. The building owner and local government don’t own the common elements in this setup. So the owners collectively, as tenants in common, own the common elements.