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The Bottom Line A condominium, or condo, is an individually owned residential unit in a complex or building of like units. Condo owners own their units but share common spaces, amenities, and other resources. They pay condo fees, which cover maintenance costs, amenities, and the upkeep of common spaces.
Sec. 11. The registration and regulation of a condominium corporation shall be vested with the Housing And Land Use Regulatory Board (HLURB) and the term of the said corporation shall be coterminous with the duration of the subdivision projects, the provision of the corporation law to the contrary notwithstanding.
Pay condominium dues and other assessments. Share in the insurance of common areas. Comply with the restrictions of the condominium project. Give right of first refusal to the condominium corporation or unit owners in case of sale (if it is required in the master deed)
The condominium law states that each condominium owner shall have the exclusive right to mortgage, pledge, or encumber his condominium and to have the same appraised independently of the other condominium owner is personal to him. The Condominium Act stipulates that the owners can sell the condominium after 50 years.
Among these rights are the right to attend most board meetings, the right of access to association books and records, and the right to cure a default in payment of assessments prior to foreclosure.
Enforcement through an application to the Superior Court Section 134 of Ontario's Condominium Act provides that an owner can seek an order enforcing compliance with any provision of this Act, the declaration, the by-laws2026 or the cost-sharing of facilities or services of any of the parties to the agreement.
AN ACT relative to condominiums and condominium projects; to prescribe powers and duties of the administrator; to provide certain protections for certain tenants, senior citizens, and persons with disabilities relating to conversion condominium projects; to provide for escrow arrangements; to provide an exemption from
11. Can the condominium corporation sell the condominium without my consent? As a general rule, it can. However, if the master deed contains a requirement that the property should first be offered to the other condominium owners within a reasonable time before offering it to third parties, then it may not.
What are the requirements of a condominium association? The Act requires the association of co-owners to keep current copies of the master deed, all amendments to the master deed, and other condominium documents available for review by co-owners, prospective purchasers, and prospective mortgagees.
The Rights You Are Entitled to as a Condo OwnerEnjoy your condo space quietly; that is, without creating a nuisance for the others living in the same condominium community. Right to get notified in case any individual from the condo's committee needs to gain acc. ess to your suite for repairs and inspection purposes.