Which of the following refers to the individuals living in a condominium without ownership?

Prepare for the Ontario Condominium Management License Test with flashcards and multiple choice questions, each equipped with hints and explanations. Get ready for success!

The individuals living in a condominium without ownership are referred to as tenants. Tenants occupy a unit under a lease or rental agreement, allowing them to reside there without holding any ownership stake in the property itself. This arrangement typically involves a contractual agreement where the tenant pays rent to the property owner or the condominium corporation.

In contrast, owners are those who have a legal title to their unit in the condominium. Staff refers to the personnel responsible for maintaining the property, such as maintenance workers or property managers. The Board of Directors consists of elected members who oversee the operation and governance of the condominium corporation. Therefore, tenants are distinct from these groups, as they do not possess ownership rights in the condominium but still enjoy the benefits of living there.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy