Chapter 11 – Condominium Law

Question 1

A ___________ is the part of a condominium development that can be individually owned.

Answer 1

condominium unit

Question 2

What is the condominium board of directors?

Answer 2

It is the group of individuals who have been elected by the unit owners to exercise the rights and fulfil the duties of the condominium corporation.

Question 3

What is an exclusive use area?

Answer 3

An exclusive use area is an area of the condominium corporation’s common property that has been granted to an owner for his or her exclusive use and enjoyment.

Question 4

A _________ is a type of real property ownership in which each owner holds a fee simple interest in his or her unit, and an undivided interest in all the non-unit or common property that is maintained and operated by a condominium board of directors.

Answer 4

condominium

Question 5

_________ are a type of share of the common property that are important for certain key aspects of condominium ownership, including determining each person’s number of votes at owners’ meetings and their proportional share of the budget.

Answer 5

Unit factors

Question 6

A __________ is a unit identified as such on the condominium plan that is owned by the condominium corporation for purposes such as a laundry room, recreational facility, landscaping area, roadway, hallway, or other area intended for the benefit and use of all owners.

Answer 6

services unit

Question 7

There are two types of meetings of the owners of a condominium corporation: _______ and _______.

Answer 7

annual general meetings; general meetings

Question 8

A ___________ is a description of the standard items that were provided to purchasers when the unit was first sold by the developer, including things such as doors, windows, floors, fixtures, appliances, etc.

Answer 8

standard unit description

Question 9

The _________ are the rules of the condominium corporation that regulate the corporation and provide for the control, management, administration, use, and enjoyment of the units and of the common property and common facilities.

Answer 9

bylaws

Question 10

What is a condominium plan?

Answer 10

A condominium plan is a plan for the condominium development that shows, among other things, the development’s boundaries, buildings, units, common property, and common facilities.