Humber/Ontario Real Estate Course 2 Exam Practice

What distinguishes a freehold townhome from a condominium townhome?

1. No shared responsibilities for common elements

2. Shared ownership of building exterior

3. Ownership of the land beneath the unit

4. Monthly maintenance fees for common areas

5. Exclusive use of parking spaces

6. Cooperative management of common services

The correct answer is: Ownership of the land beneath the unit

A freehold townhome differs from a condominium townhome because it grants ownership of the land beneath the unit, rather than shared ownership of the building exterior (B) or no shared responsibilities for common elements (A). Additionally, freehold townhome owners do not have to pay monthly maintenance fees for common areas (D), have exclusive use of parking spaces (E), or participate in cooperative management of common services (F). The key distinction between a freehold townhome and a condominium townhome is the ownership of the land, which provides more autonomy and control for the freehold townhome owner.