What does the term 'tenant in common' refer to in condominium ownership?

The term 'tenant in common' refers to a specific arrangement in which two or more individuals hold title to a property together, whereby each owner has an undivided interest in the property. In the context of condominium ownership, this structure allows multiple individuals to own separate units while simultaneously sharing ownership of the common elements, such as hallways, pools, and recreational areas.

In a condominium, each unit can be owned individually, but the common areas are collectively owned by all unit owners, typically as tenants in common. This means that each owner shares in the rights and responsibilities associated with these shared elements, which is central to the operation and maintenance of the condominium as a whole.

The other options, while related to aspects of condominium ownership, do not accurately capture the definition of 'tenant in common.' Individual ownership of a unit without exclusive rights to common areas describes the situation of unit ownership but does not define the shared ownership characteristic of tenants in common. A method of leasing condominiums does not address ownership at all. Likewise, a form of shared management responsibilities does not directly relate to ownership status but instead speaks to the governance of the condominium. Hence, the primary focus of 'tenant in common' pertains to the shared ownership structure among unit owners regarding common