Does the condominium corporation in Georgia own any of the common elements?

In Georgia, common elements in a condominium are owned collectively by the individual unit owners and not by the condominium corporation itself. This means that each unit owner has an undivided interest in the common elements, which may include amenities like hallways, swimming pools, and landscaping, among other shared facilities. The importance of this ownership structure lies in the fact that it allows for shared responsibility and management of these common areas by the condominium association on behalf of the unit owners.

While the condominium association may have the authority to manage, maintain, and govern these common elements, it does so in the capacity of representing the collective interests of the individual unit owners rather than as an owner in itself. This distinction is crucial to understanding the governance and legal responsibilities associated with condominium living in Georgia.