Free practice questions · Course 1
Residential Property Types and Characteristics Practice Questions
Physical and legal characteristics of common Ontario residential property types including detached, semi-detached, townhouse, and condominium. Below are 5 free sample questions from our 30-question Residential Property Types and Characteristics bank. Each comes with the correct answer and a full explanation.
Question 1 of 5
A developer in Niagara is registering a condominium where buyers purchase a defined parcel of land and may later build on it. Which condominium type applies?
- AStandard condominium
- BCommon-elements condominium
- CVacant land condominium
- DLeasehold condominium
Why C is correct
Vacant land condominiums under the Condominium Act, 1998 allow buyers to acquire a defined unit (the lot) and any structures later built on it, with shared common elements.
Question 2 of 5
Mateus owns a townhouse in Brampton and holds title to his unit and the land it sits on, with no condominium corporation involved. What type of townhouse does he own?
- AStandard condo townhouse
- BFreehold townhouse
- CCommon-elements condo townhouse
- DLeasehold townhouse
Why B is correct
Freehold townhouses are taxed and registered as individual lots; the owner is solely responsible for maintenance with no monthly condo fees.
Question 3 of 5
Cormac is comparing a freehold townhouse and a standard condo townhouse in Hamilton. Which statement is FALSE?
- AThe freehold owner is responsible for all exterior maintenance
- BThe condo townhouse owner pays common expenses
- CThe freehold townhouse requires a status certificate before sale
- DThe condo townhouse is governed by the Condominium Act, 1998
Why C is correct
Status certificates are issued by condominium corporations. Pure freehold townhouses do not have one because no corporation governs them.
Question 4 of 5
Yusra is selling a condo unit in Etobicoke. Within how many days must the corporation deliver a status certificate after a written request and fee are received?
- A5 days
- B10 days
- C15 days
- D30 days
Why B is correct
Under section 76(1) of the Condominium Act, 1998, the corporation must deliver the status certificate within 10 days of the written request and prescribed fee.
Question 5 of 5
Soraya represents a buyer interested in a condominium in Vaughan. Under the Condominium Act, 1998, what document discloses the financial and legal status of the corporation?
- AReserve fund study
- BStatus certificate
- CDeclaration only
- DProperty disclosure statement
Why B is correct
Section 76 of the Condominium Act, 1998 entitles a buyer (or owner) to a status certificate within 10 days of request, including declaration, by-laws, rules, budget, reserve fund study, and any litigation.
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