In condominium ownership, what type of title does each owner hold?

In condominium ownership, each owner holds a fee simple title. This type of title is the highest form of ownership one can have in real estate, granting the owner complete ownership of their unit and the associated rights to use the property as they see fit, subject to the rules set by the condominium association.

Fee simple title allows owners to freely transfer their ownership, mortgage the property, and enjoy all benefits of ownership, including rights to lease or sell their unit. This distinguishes condominium ownership from other forms like leasehold, where the owner holds a lease from a primary owner rather than full ownership of the property itself.

Additionally, joint tenancy involves shared ownership among multiple parties with rights of survivorship, which does not apply in the context of individual condominium units. A life estate provides ownership only for the duration of a person's life, making it unsuitable for condominium ownership where individuals retain full rights beyond their lifetime.