Aggregating the real estate of condominium commentary, opinion, tragedy and truth being told to the public. Buy into the author’s thought or sell your own. For legal advice, consult a professional condominium lawyer.
Toronto cottagers heading to Muskoka these days might find tranquility a little harder to find. Proving still waters can run deep, cottagers and residents alike are protesting new multi-unit condominium projects around the lakes that have made the region famous. Source: Lisa Van de Ven, Storeys Publishing Inc.
Today, we’re sharing 14 common misconceptions about owning a condominium: Source: the BREL Team | Toronto Realtors
At a recent annual general meeting, the owners were advised that their reserve fund was not properly funded over the years and repairs needed to be done to the roofs and parking garage in the very near future. There was discussion around special assessments and how owners would be paying those amounts. Source: Denise Lash, Lash Condo Law
Short term tenancy or single family visitor? Single family use or multiple occupancy? Rooming house or boarding house? Commercial use? Condominium insurance issues?
Many of the issues listed above have been dealt with in a series of cases and were believed to have nailed down home sharing as akin to hotel use and therefore not in accordance with single family use restrictions common in condominium declarations. Source: John Deacon, Deacon, Spears, Fedson + Montizambert
In my last post, I wrote about section 98 of the Condominium Act, 1998, which permits owners to make changes to the common elements if: the board approves the proposed change; they enter into an agreement with the corporation; and notice is provided to all owners (if applicable). Today I’ll discuss the agreement in more detail. Source: Michelle Kelly, Robson Carpenter LLP
We reported previously on the City’s new fee structure, cautioning that the new tiered approach might be bad news for condominiums (click here to access our previous blog). Source: Nicole Robinson, Davidson Houle Allen LLP