Condominium Ownership and Rights Quiz

Questions and Answers

What must be shown for a partition by sale of an entire condominium project to be granted?

Damage must render one-half or more of the units untenantable. (correct)

The entire project must be in existence for at least twenty-five years.

All owners must agree to the partition without opposition.

The project must have been repaired within one year after damage.

Which statement correctly describes the treatment of common areas in condominiums?

Common areas can be partitioned judicially at any time.

All common area improvements require unanimous consent from unit owners.

Common areas can be sold independently by unit owners.

Common areas must remain undivided unless otherwise dictated. (correct)

Under what condition can a partition be sought if a project has suffered damage?

If less than thirty percent of the owners oppose repair.

If it has been three years without substantial repairs post-damage. (correct)

If the project is considered economically viable.

If the project has been deemed architecturally significant.

What is the minimum percentage of interest owners must hold in the common areas to oppose repair or restoration in case of damage?

Thirty percent. Signup and view all the answers

What provision allows for a partition of condominium properties based on the age of the project?

If the project has existed for over fifty years and is deemed uneconomic. Signup and view all the answers

What rights does a holder have concerning property purchase in a condominium situation?

The holder has the right to refuse to buy the property. Signup and view all the answers

When can one or more owners initiate a partition action for a condominium project?

After a period of lack of interest in repair or restoration. Signup and view all the answers

What is required to determine if a project can be partitioned when most of its units are untenantable?

Opposition to repairs from over thirty percent of owners. Signup and view all the answers

What can a condominium owner do to remove their unit from a lien against multiple condominiums?

Pay a fraction of the lien attributable to their unit Signup and view all the answers

How is the beneficial interest in personal property held by the management body shared among condominium owners?

In proportion to their respective interests in the common areas Signup and view all the answers

What might a court do if the conditions for partition of a condominium project are not met?

Decree a reorganization of the project Signup and view all the answers

What is the presumption regarding any deed, declaration, or plan for a condominium project?

Their provisions are presumed to be independent and severable Signup and view all the answers

What happens to a transferee upon the transfer of a condominium unit?

They acquire the transferor's beneficial interest in the personal property Signup and view all the answers

In case of expropriation of a part of a condominium project, what may a condominium owner be entitled to?

Just compensation for deprivation of property Signup and view all the answers

What is typically required for the management body to hold tangible and intangible personal property for condominium owners?

Provisions outlined in the declaration of restrictions Signup and view all the answers

What ensures that the provisions of a condominium deed can be independently interpreted?

The severable nature of the deed's provisions Signup and view all the answers

What best describes the concept of 'common areas' in a condominium project?

The entirety of the condo project excluding any areas reserved for individual units. Signup and view all the answers

What is the main purpose of the Master Deed in a condominium agreement?

To outline the boundaries, descriptions, and regulations for the condominium project. Signup and view all the answers

Which of the following best represents the exclusive rights of unit owners within a condominium?

Unit owners possess an undivided interest in the common areas proportional to their unit's size. Signup and view all the answers

What does the right of first refusal typically allow a condominium association to do?

Enable the association to purchase a unit before the owner can sell it to another party. Signup and view all the answers

In the context of partition of condominium properties, what does 'to divide' real property imply?

To separate individual units while retaining shared ownership of common areas. Signup and view all the answers

Which of the following statements about easements in condominiums is true?

Easements can limit a unit owner's rights to exclusive use of their unit. Signup and view all the answers

How can unit owners exercise their rights as described in the condominium act?

By adhering strictly to the governing documents established in the Master Deed. Signup and view all the answers

What is a common misunderstanding about common area rights in a condominium?

Unit owners have the right to alter common areas without consent from the association. Signup and view all the answers

Study Notes