Under the condominium form of ownership, an owner's interest in their unit is typically what type of estate?

Under the condominium form of ownership, an owner's interest in their unit is typically a fee simple estate. This means that the owner possesses the maximum bundle of rights available for real property, which includes the right to use, occupy, sell, lease, and transfer the unit. A fee simple estate is the most complete form of ownership recognized by law, providing both ownership of the individual unit and an undivided interest in the common areas of the condominium.

In this arrangement, the owner has full control and ownership over their specific unit but also shares responsibility for the maintenance and management of the common areas with other unit owners. This communal aspect is fundamental to condominium ownership but does not diminish the fee simple nature of the individual unit's ownership rights.