What does the registration of a condo provide to its owners?

The registration of a condo is crucial because it establishes legal title for both the condo parcel and the individual units within the condominium. When a condo is registered, it provides clear legal documentation that identifies ownership and rights associated with each unit. This legal framework protects the owners' rights and establishes their ability to sell, lease, or otherwise manage their individual units without ambiguity.

This legal title is essential because it formally marks the transition of ownership from the developer to the individual owners and outlines their responsibilities within the condo association. It also delineates the boundaries and the rights of ownership, which is fundamental in real estate transactions. The registration process is a key step in ensuring that all condo owners have their legal interests properly recognized and protected under the law.

In contrast, while exclusivity of leasing terms, management rights, and access to amenities are important aspects of condo ownership, they do not fundamentally come from the registration itself. These aspects may be outlined in the condo bylaws or governed by the condo association but are not a direct result of the registration process. Thus, the primary benefit of registration lies in establishing legal title, making this the correct answer.