Who are the individuals that own units within the condominium?

Unit owners are the individuals who possess ownership rights to specific units within a condominium. Each unit owner typically holds a title to their unit, which grants them certain rights and responsibilities, such as the right to occupy, lease, or sell their unit, as well as the obligation to pay condominium fees and comply with the rules established by the condominium corporation.

The board of directors, while they manage the affairs of the condominium and act on behalf of the unit owners, do not own the units themselves. Their role is more about oversight and decision-making for the collective benefit of the unit owners. The condominium corporation is a legal entity that represents the collective interests of all unit owners and is responsible for managing the common elements of the condominium and enforcing the rules. Common expenses refer to the shared costs associated with the upkeep of the condominium's common areas, but these do not refer to individuals who own units. Therefore, the most accurate description of those who own units within the condominium is the unit owners themselves.