In a condo, the condo owner owns an undivided percentage of what along with other unit owners?

In a condominium, ownership structures are designed to grant individual unit owners both exclusive rights to their unit and shared rights to common areas. The correct answer, which highlights the undivided percentage, is the common elements.

When someone buys a condo, they not only purchase their individual unit but also a shared, undivided interest in the common elements of the condominium, which typically include areas like hallways, swimming pools, gyms, and landscaped grounds. This shared interest means that all unit owners collectively own these sections, and their use and maintenance are governed by the condo association.

Common elements are crucial to the overall function and enjoyment of the condominium. They provide essential facilities and enhance property values, as they contribute to the quality of life for all residents. This shared ownership model fosters a sense of community and cooperation among residents, as decisions related to these spaces often require collective input and agreement.

In contrast, private spaces (such as individual units), accessory structures (like garages or storage rooms that are separate from the main complex), and individual units themselves do not involve undivided ownership among all condo owners. Instead, they are the exclusive property of the individual owner, distinguishing them from the shared common elements.