What type of ownership do condominium owners have over the individual units?

Condominium owners hold their individual units in fee simple ownership. This type of ownership means the owner has full control over their unit, allowing them the rights to sell, lease, or modify the unit as they see fit, subject to the rules and regulations of the condominium association.

In a condominium setup, each owner has a legal title to their specific unit, which is distinct from the shared ownership of common areas such as hallways, pools, or landscaping, which are typically managed by the condominium association. The fee simple ownership ensures that the owner has the highest level of ownership interest in the property, which is not encumbered or limited in the same way as leasehold or shared ownership scenarios might be. This aspect of ownership is crucial for understanding the rights and responsibilities that come along with owning a condominium unit.