Humber/Ontario Real Estate Course 3 Exam Practice

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In a condominium, individual parking spaces must be:

  1. accessible to all residents

  2. approved by the municipality

  3. available for rent

  4. either owned or granted exclusive use

  5. equally distributed

  6. marked and numbered

The correct answer is: either owned or granted exclusive use

In a condominium setting, individual parking spaces must be either owned by the unit owners or granted exclusive use to them. This arrangement ensures that each unit has defined access and usage rights to a specific parking space, which is crucial for managing shared property in a condo. Exclusive use designations help prevent disputes among residents over parking issues and contribute to the overall organization and functionality of the condominium community. Ownership or exclusive usage rights align with the principles of condominium living, where residents often have shared amenities and spaces, but they also possess specific rights to certain areas, including parking. This provision is essential for establishing clear boundaries and responsibilities related to shared facilities.

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