BC Strata Management Practice Questions - BC Strata Management Licensing Exam

What distinguishes Limited Common Property (LCP) from standard common property in BC?

LCP is common property that has been permanently sold to an individual owner LCP is common property designated for the exclusive use of one or more strata lots LCP refers to common property that the strata corporation is not required to maintain LCP is common property located inside the boundaries of a strata lot

Correct Answer:

LCP is common property designated for the exclusive use of one or more strata lots

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