Humber/Ontario Real Estate Course 4 Exam Practice

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Under a common element condominium, what ownership interest do home buyers have in the adjacent golf course?

Receive a share certificate
Leasehold interest
Interest registered on their home title
Deed as proof of unit ownership
Lifetime membership benefits
Monthly rental payment requirement

The correct answer is: Interest registered on their home title

In a common element condominium, home buyers have ownership interest in the common elements and exclusive use of their individual units. The ownership interest in the adjacent golf course would not be through a share certificate (Option A), leasehold interest (Option B), deed as proof of unit ownership (Option D), lifetime membership benefits (Option E), or monthly rental payment requirement (Option F). The ownership interest in the golf course for unit owners would be registered on their home title (Option C), indicating their connection to the common elements of the condominium property.