1. A well-run condominium corporation, in addition to keeping a healthy reserve fund to repair the common elements, should do the following periodically:

a. Replace its board with new members.

b. Replace all of the unit owners within 10 years.

c. Conduct a reserve fund study to ensure the condominium is setting aside sufficient funds for future repairs.

d. Conduct an audit of all the contents of the storage lockers on the premises.

2. A Landlord can enter without written notice only:

a. If the landlord posts a notice to the tenant's door

b. If the tenancy is ending and the landlord is showing the premises to the prospective tenant c. If the landlord and tenant discuss it over the phone

d. None of the above

3. A purchaser buys a home with a sub pump in the basement. The purchaser waives their right to a property inspection. One month after the new purchaser moves into the home, his basement floods. The new owner of the home sues the seller for not disclosing the issues with the pump. The seller (previous owners) claims:

a. The new owner failed to obtain a certified inspector to inspect the property

b. Caveat emptor

c. The seller had no idea of the issues with the sub pump

d. All of the above

4. The following is likely to be the legal description of a condominium in Ontario:

a. Lot 10, Concession 4, Township of King, Regional Municipality of York.

b. Unit 44, Level 5, York Condominium Plan 876, Town of Aurora, Regional Municipality of York. c. Lot 44, Plan 456, City of Chatham, County of Chatham-Kent.

d. All of the above

5. James must review title of Elen's new home purchase. He must review:

a. The survey

b. Parcel Register

c. The P.I.N.

d. The whiteprint

6. A prospective buyer of a condominium who has a dog or other pet should carefully review which documents in order to ensure they can have a pet?

a. The condominium declaration and rules

b. The description

c. The last transfer/deed registered on title to the unit

d. No review is necessary. Owners can have pets the same way tenants in apartment buildings can

7. Evan has a monthly tenancy and wants to terminate the tenancy with his Landlord to move to Hollywood to be a big star. He must provide his landlord with:

a. No notice

b. 60 days notice

c. Must sublet or assign the unit because he cannot get out of it

d. Provide the landlord with 90 days written notice

8. Which of the following documents on title should you review?

a. Plan of Subdivision, Mortgage, Notice of Security Interest and Transfer

b. Notice of Security Interest, Mortgage, Transfer

c. Transfer, Subdivision Agreement, Mortgage

d. Plan of Subdivision, Mortgage, Notice of Security Interest, Subdivision Agreement

9. Which of the following would NOT likely be a common element of a condominium corporation?

a. Rooftop garden to which all unit owners have access

b. Swimming pool which all unit owners and their guests may use

c. Visitors' parking lot

d. Storage locker 21B, assigned exclusively to the owner of Unit 21

10. Josh has a fixed term tenancy with his landlord. The landlord does not maintain the property in a good state of repair. Josh can:

a. Terminate the tenancy early

b. Start an application with the Landlord and Tenant Tribunal

c. Stop paying the rent

d. Sue the landlord in small claims court

11. A condominium building needs a new roof. Money to repair and replace the roof from a well-run condominium corporation should come from:

a) The reserve fund.

b) The Ontario government's Condominium Emergency Repairs Fund.

c) A special assessment of all of the unit owners.

d) Unit owners; they are responsible for hiring and paying for repairs individually.

12. A landlord is permitted to request the following from a prospective tenant:

a. A security deposit, last month's rent and identification

b. Last month's rent, a security deposit and key deposit

c. Last month's rent, key deposit remote entry card deposit

d. Last month's rent, identification and entry card deposit