Florida Community Association Manager Practice Exam

What is required for condominium ownership?

1. Exclusive ownership of land

2. Joint ownership of common facilities

3. Shared use without membership

4. Two separate legal titles

The correct answer is: Joint ownership of common facilities

In condominium ownership, joint ownership of common facilities is a fundamental characteristic that defines how property is structured and maintained. Each unit owner holds exclusive title to their individual unit, which is a private space they fully own, while simultaneously sharing an interest in the common areas and facilities with other unit owners. These common areas include hallways, pools, gardens, and other amenities that are utilized collectively by all residents of the condominium. This arrangement promotes a sense of community and cooperation among the unit owners, as they are responsible for the maintenance and management of these shared spaces. It also involves collective decision-making regarding the upkeep and improvement of these facilities, usually governed by a homeowners' association (HOA) or similar body. Therefore, joint ownership of common facilities is essential to the overall functioning and governance of a condominium community.