Real Estate Council of Alberta Fundamentals Practice Exam

What does CADS stand for in the context of condominiums?

1. Condominium Annual Documentation System

2. Condominium Additional Plan Sheet

3. Condominium Association Documentation Standards

4. Condominium Asset Development Strategy

The correct answer is: Condominium Additional Plan Sheet

The correct interpretation of CADS in the context of condominiums is 'Condominium Additional Plan Sheet.' This term refers to a specific document that provides supplementary details about a condominium property that may not be included in the primary plan. It assists in clarifying aspects of the development, including variations from standard plans, which can be crucial for condominium buyers, owners, and other stakeholders to understand the unique features or specifications of a particular condominium project. The other options, while they contain relevant terminology associated with condominiums, do not accurately reflect what CADS stands for in this context. For instance, 'Condominium Annual Documentation System' might imply a system for annual documents, which is not the focus of CADS. Similarly, 'Condominium Association Documentation Standards' relates to guidelines for documentation practices of associations but does not align with the acronym CADS. Lastly, 'Condominium Asset Development Strategy' suggests a broader strategic approach to property development rather than a specific plan sheet related to individual properties.