100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Humber course 3 module 1 Questions and Answers CA$19.42   Add to cart
Quickly navigate to
Preview
  2.  
  3. Humber
  4.  
  5. Humber

Exam (elaborations)

Humber course 3 module 1 Questions and Answers
 2 views  0 purchase
  • Course
  • Humber
  • Institution
  • Humber

Humber course 3 module 1 Questions and Answers Condominium Corporation Legal enitity that represents the collective intereste of its property owners Condominium Act Of Ontario Regulates the creation governance and bylaws of the condominiums Previous Play Next Rewind 10 seconds...

[Show more]

Preview 2 out of 5  pages

Document information

  • October 13, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • humber course 3 module 1 questions and answers
  • condominium corporation legal enitity that represe
  • condominium act of ontario regulates the creation

Written for

  • Humber
  • Humber

Seller

avatar-seller
Pogba119

Reviews received

Content preview

Humber course 3 module 1 Questions
and Answers
Condominium Corporation - answer Legal enitity that represents the collective
intereste of its property owners

Condominium Act Of Ontario - answer Regulates the creation governance and
bylaws of the condominiums

- answer Amend the condominium act and an Ontario new home warranty plan act

Two Condominium authorities - answer The condominium authority of Ontario and
the condominium management regulatory authority of Ontario

When is a condominium created - answer After registration of declaration and
description

Declaration - answer Details about proportionate share of each unit of common
elements and share of expenses

Description - answer Documents that provide diagrammatic presentation ;
architectural plans, survey is describing the property, units, shapes, dimensions,
location of each unit

Governs - answer Governed by a board of director which authority mix and enforce
byelaws and rules

Freehold standard condominium - answer Owners have exclusive ownership of the
unit in common and trust of the common elements

Common element - answer Space used by all owners which they share the
maintenance cost according to the proportionate square footage of the unit

Freehold common element - answer Consist only only common elements but has no
units, the golf course, a ski hill. The land is tied to the common elements therefore it
cannot be sold separately

Freehold vacant land - answer Unit is just a piece of land where do you live rubber
can build structures, Facilities and service

Freehold phased - answer operate as a freehold corporation in which a builder may I
add or create additional units common elements in phases

, Leasehold condominium - answer All units in common elements are situated on a
leased land of term 40 to 90 years

Shared facility agreement - answer Mixed use building in urban areas residential
units are located up of a retail or commercial unit

Apartment condominiums style - answer Rise building have a five or more stories of
elevators or as low rise buildings have up to four stories

Exclusive use common element - answer Unit owners have the right to exclusivity on
part of the commen elements in the declaration

Parking types - answer Freehold: unit owner owns Space on the title

Please hold: Corporation on space and leases it to the owners

Exclusive use: Corporation owns space space for grants rights per declaration

Allocated/assigned: Corporation it was a space in a size up to the unit owners

Appeal of living in a condominium - answer Specific lifestyles
Freedom of maintenance
Security
Amenities
Corporation and unit assurance costs are usually lower

Unpaid condominium fees consequences - answer Yeah he could be registered to
the unit and on or you lose is voting right
The corporation may not have the right to sell the unit

Personal liability - answer Liable for the death of the condominium, deficiency in the
wrist fun, there may be a special assessments

Obligations and limitations - answer Condominium fees, personal liability,
disagreements with the management, rules and bylaws, making changes

New rules - answer 15% of unit owners must request for meetings rules become
effective when a majority of the unit always vote in favour if no meeting was requested
the rules becomes effective automatically

Condominium niche market - answer Geographic, demographic, style

Condominium Act - answer Governs The creation and governance of condominiums
in Ontario it will defined roles and responsibilities a Board of Directors

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Pogba119. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$19.42. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$19.42
  • (0)
  Add to cart