Tennessee Real Estate Exam Practice Question
In a condominium association ownership of the common elements is vested in
Correct Answer: D
Rationale: Ownership of common elements in a condominium association is held by all unit owners collectively as tenants in common. This means that each owner has an undivided interest in the common areas, allowing for shared use and responsibility.
Option A is incorrect because the Board of Directors manages the common elements but does not own them. Option B is misleading, as ownership is not limited to original unit owners; it includes all current owners. Option C is also incorrect since paying taxes or maintenance does not confer ownership rights. Thus, the correct understanding of ownership lies with all owners as tenants in common.
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