Humber/Ontario Real Estate Course 2 Exam Practice

If a common elements condominium project includes a golf course, what confirms each owner's interest?

1. The property deed to their home

2. Share certificate in the condominium

3. Lease agreement for the golf course

4. A registered common interest on their home's title

5. Membership in the local golf club

6. Listing in condominium association records

The correct answer is: A registered common interest on their home's title

In a common elements condominium project with a golf course, each owner's interest is confirmed by a registered common interest on their home's title. This means that alongside owning an individual unit, each owner also holds a share in the common elements, which may include amenities like a golf course. This registered common interest on the home's title legally recognizes the owner's stake in the common elements, ensuring that they have rights and responsibilities regarding these shared spaces. Options A, B, C, E, and F are incorrect: - Option A (The property deed to their home) only confirms ownership of the unit itself, not the interest in the common elements. - Option B (Share certificate in the condominium) is not typically used to confirm ownership or interest in common elements in a condominium project. - Option C (Lease agreement for the golf course) would only apply if an owner is leasing the golf course separately, which is not the standard arrangement in a common elements condominium. - Option E (Membership in the local golf club) would be a separate arrangement from owning a unit in a common elements condominium. - Option F (Listing in condominium association records) does not by itself confirm the specific interest each owner holds in the common elements, as this information is typically detailed in the registered common interest on the title.