How does a condo owner hold title to a unit?

Condo owners typically hold title to their unit through fee simple ownership. This means that they have the highest level of ownership interest in the property, allowing them full rights to use, sell, and transfer the unit. Fee simple ownership is characterized by the owner's complete control over the property, subject only to limitations imposed by local zoning laws and the governing documents of the condominium association.

In a condominium setup, fee simple ownership generally applies to the individual unit, while common areas such as hallways, pools, and gardens are owned collectively by all condo owners as tenants in common. This structure allows individual condo owners to have personal privacy and control over their specific unit while sharing ownership of common facilities with other residents.

Other types of agreements or titles mentioned do not apply to the structure of condominium ownership. A bill of sale relates to the transfer of personal property rather than real estate; a partnership agreement governs the relationship between individuals in a business partnership, which is not pertinent to condo ownership; and a community title agreement typically pertains to other forms of collective ownership arrangements not standard in condos. Thus, fee simple ownership is the most accurate and appropriate answer for how a condo owner holds title to their unit.