Humber/Ontario Real Estate Course 4 Exam Practice

When a condominium board approves a new rule, when does it take effect?

1. Immediately

2. After 30 days if no meeting is requisitioned by owners

3. Only after a majority vote by owners

4. Only if compliant with city regulations

5. Must be ratified in a special meeting

6. If it passes a community referendum

The correct answer is: After 30 days if no meeting is requisitioned by owners

When a condominium board approves a new rule, it takes effect after 30 days if no meeting is requisitioned by owners. This provision is designed to provide owners with adequate time to consider the new rule and decide whether they wish to challenge it by calling a meeting. This period is generally accepted in the governance of condominiums because it balances the board's authority to manage the property with the owners' rights to have a voice in community rules. Other options would not typically align with the standard practices seen in condominium governance. For example, ratifications or votes from the general ownership might not be a requirement unless specified by the condo corporation's bylaws. Similarly, while compliance with city regulations is essential for the legality of the rules, it does not dictate when a newly approved rule takes effect. Therefore, the provision for a 30-day period reflects common operational practice, affording owners the opportunity to act if there are concerns regarding the new rule.