Under condominium law, which statement is true about ownership of units?

• A. Each unit has its own deed, and may be conveyed or encumbered as if it were separate and distinct from all other units.
• B. Common areas are owned jointly by all unit owners
• C. Units cannot be conveyed individually
• D. Condominiums cannot be financed separately

Answer: (A)

In a condominium, ownership of a unit is separate from ownership of the common elements. Each unit has its own deed that describes the air-space inside that unit, and the owner can convey or encumber that unit as if it were a separate parcel. The common areas—like lobbies, hallways, amenities, and exterior elements—are owned by the condominium association for the benefit of all unit owners, not by individuals. Because a unit is individually titled, it can be bought, sold, and mortgaged independently of the other units. The statement reflects this structure, while the other options don’t: common areas aren’t owned jointly by all unit owners as individuals, units can be conveyed individually, and condominiums can be financed separately through loans on individual units (even though some projects may use master or blanket financing for the entire project).