As a condo owner – what you can and what you must.

Condo BuildingCondo living is very enjoyable experience. No cutting of grass, on site gym and pool, recreation areas, under cover parking.  All these features attract many buyer of first time or retirees. Condo owenrship comes with many rights and responibilites. Here are few for you to know before you buy one.

You can:

  • Use all the available common elements as per condo bylaws.
  • vote at general meetings and elect board of director members
  • review corporation records (e.g., financial statements, meetings, expenses etc)
  • request a meeting of owners and point out matters to a general meeting agenda
  • get a court order to force the corporation carry out a duty required under the Condominium Act.
  • Start a compaigne to remove a director from the board with a majority of votes.

 You must:

  • pay your monthly maintenance fees/ special assessments etc.
  • maintain and repair as needed your unit from inside.
  • follow the condo’s Declaration, By Laws and Rules
  • Resolve issues through discussion, mediation, arbitration and/or court order.
  • abide by the provisions of the Condominium Act