The condominium corporation is responsible on its own for all of the following, except
A) creating a scheme regulating the use of the common elements.
B) creating a scheme regulating the winding up of the condominium.
C) creating a scheme regulating the assessment and collection of common expense contributions.
D) exercising a right of lien, if necessary.
E) maintenance and repair of common elements.

Question

Quizplus · Accepted Answer

The responsibility for creating a scheme regulating the winding up of the condominium typically falls to a higher authority, such as a governmental body or court, rather than the condominium corporation itself. The condominium corporation is generally responsible for managing the common elements, collecting common expense contributions, and maintaining and repairing common elements, but winding up the condominium involves legal and regulatory processes beyond its standard duties.

The Condominium Corporation Is Responsible on Its Own for All