Category: Legal

Jul
10

  Condo corporations are required to maintain a “reserve fund”.  The money held in the reserve fund account is used to fund major repairs to the condo’s common elements.  Onsite reserve fund studies are conducted every six years, with updates to the studies (without site inspection) occurring at the three year mark between the onsite …

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Jun
18

HST rebates are available to purchasers of new condominiums.  If you are purchasing the unit to occupy it yourself, the rebate can be credited to you immediately on closing.  This provides an added incentive to home buyers to purchase new construction as they don’t need to pay the full tax and claim the rebate afterwards. …

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Feb
27

Are pets allowed in this condo building? Your friend says “no,” your realtor says “yes,” the mailman says “no.” The good news is that there is always a correct answer. Rules regarding pets differ between buildings. Details can be found in the condominium documents. When you make an offer to purchase a condominium, these documents …

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