Kevin is buying a condominium unit in Rochester. The seller's attorney mentions that the unit comes with 'common area interest.' What does this mean under New York condominium law?
Correct Answer
C) Kevin will own an undivided percentage interest in all common elements of the building
Under New York condominium law, each unit owner automatically receives an undivided percentage interest in the common elements (hallways, elevators, roof, structural elements, etc.). This interest is typically proportional to the unit's size or value and cannot be separated from unit ownership.
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