Condominium ownership, whether it involves residential
or industrial property, has a dual nature. A condominium
owner holds negotiable title to his/her own unit and, at
the same time, shares with fellow owners the title and
cost of operation of the balance of the property
constituting the condominium complex.
The
term "condominium" does not refer in any way to the
physical structure of the building or building complex.
Residential condominiums, for example, can be high-rise,
low-rise apartments, townhouses, detached houses,
stacked townhouses-any configuration of housing you can
imagine. What makes them "condominiums" is not their
physical structure, but the way in which owners have
agreed to share ownership of common property, while
retaining individual ownership of the property which
constitutes their own unit.
Go
to www.coreguelph.ca
to register for all new MLS Condo listings in Guelph as
they are Published.
I
can also mail you a copy of "The Condominium Buyers
Guide" issued by CMHC, a great booklet for both
new and experienced Condominium buyers. e-mail me your
mailing address to
mike@mikehalley.ca or call my home office at
519-821-2005
Mike Halley - 2011
