Strata Management Licensing Practice Exam · Question
In a strata property, what defines a 'limited common property'?
Limited common property refers to a part of the common property that is designated for the exclusive use of one or more specific strata lots, but not all, such
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Question: In a strata property, what defines a 'limited common property'?
Answer options:
- Areas exclusively owned by individual strata lots. ✅ Common property designated for the exclusive use of one or more, but not all, strata lots.
- Property that is not shared and requires no maintenance.
- Landscaping areas accessible by all but maintained by a single strata lot.
Correct answer: Common property designated for the exclusive use of one or more, but not all, strata lots.
Explanation: Limited common property refers to a part of the common property that is designated for the exclusive use of one or more specific strata lots, but not all, such as a balcony or patio accessible only from a particular unit.
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