Humber/Ontario Real Estate Course 3 Exam Practice

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How do condominium unit owners hold an interest in the common elements?

  1. as equal partners

  2. as joint owners

  3. as joint tenants

  4. as tenants at will

  5. as tenants in common

  6. in a partnership

The correct answer is: as tenants in common

Condominium unit owners hold an interest in the common elements as "tenants in common." This means that each owner has a separate and distinct share in the common elements. They do not hold an equal interest or joint ownership as in a partnership, joint tenancy, or as equal partners. Additionally, being tenants at will implies a more temporary and casual agreement, which is not the case in a condominium setting where each owner has a formal ownership stake.

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