Humber/Ontario Real Estate Course 1 Exam 2025 – 400 Free Practice Questions to Pass the Exam

The correct answer highlights a fundamental aspect of condominium ownership. In a standard condominium arrangement, owners possess an undivided interest in the shared common spaces. This means that while each owner has private ownership of their individual unit, they collectively share ownership of common elements, such as hallways, elevators, recreational facilities, and gardens. The undivided interest reflects that all unit owners benefit from and contribute to the maintenance and use of these shared areas.

In contrast, ownership of all common elements solely would imply that one owner has special rights over shared spaces, which is not the case in a condominium setting. Equal ownership rights regardless of unit size overlooks the principle that ownership interest can be proportionate to the size of an individual unit. Full control over all building policies is typically maintained by the condominium corporation and its board, not by individual owners alone. Therefore, understanding the collective nature of ownership in a condominium is crucial for recognizing the responsibilities of owners.