Which statement about condominium ownership is FALSE?

The statement regarding condominium ownership that is false pertains to the ability of condominium owners to transfer their interests. In reality, condominium owners do have the right to transfer their interests; they can sell, lease, or otherwise convey their condominiums as they see fit, similar to other forms of property ownership.

Condominium ownership typically allows for the ownership of individual units while sharing common areas with other owners. Furthermore, owners are indeed responsible for paying association fees, which contribute to the maintenance and upkeep of shared facilities and services. Additionally, condominium owners may possess easements, which allow them certain rights to use parts of the property or common areas. Lastly, owners do receive a share of the land because they own their units and share in the ownership of common elements, typically indicated in the condominium documents.

Therefore, the idea that condominium owners cannot transfer their interests misrepresents the fundamental rights associated with condominium ownership.