Question: Based on the condominium concept in Ontario, select the statement that correctly completes the following sentence: When a condominium is created: a the condominium corporation
Based on the condominium concept in Ontario, select the statement that correctly completes the following sentence: When a condominium is created: a the condominium corporation holds title to all of the units on behalf of the unit owners. b the condominium corporation is the landlord of the unit owners and all of the unit owners have the legal status of tenant. c the legal structure of the condominium is set out in the Declaration and Description. d the condominium owners jointly own an undivided tenant in common interest in all of the condominium units. Mr. and Mrs. Bates are going through a marriage breakdown and have asked you to list the property they've lived in since they got married ten years ago. Mr. Bates is the only one on title and is somewhat familiar with the Family Law Act and makes a number of statements to you. Which of following statements made by Mr. Bates is (are) correct? i. This is not a matrimonial home because I have never designated it as such. ii. Because we are married, my wife and I are joint owners of the property. iii. Even though she is not on title, my wife will have to consent to the sale of the property. iv. My wife has no interest in the property so I can list and sell it immediately. a Only statements iii, and iv, are correct. b Only statements i, and iii, are correct. c Only statement iii. is correct. d only statements ii. and iv. are correct
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