Strata Management Licensing Practice Exam · Question
Which term is generally used in Ontario to refer to a multi-unit residential property where individual units are owned and common areas are jointly managed?
In Ontario, as governed by the Condominium Act, such properties are referred to as Condominium Corporations, whereas 'strata' is primarily used in British Colum
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Question: Which term is generally used in Ontario to refer to a multi-unit residential property where individual units are owned and common areas are jointly managed?
Answer options:
- Strata Corporation ✅ Condominium Corporation
- Co-operative Housing Society
- Bare Land Strata
Correct answer: Condominium Corporation
Explanation: In Ontario, as governed by the Condominium Act, such properties are referred to as Condominium Corporations, whereas 'strata' is primarily used in British Columbia.
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