A condo declaration is a document that creates the condominium corporation. It defines what each unit is physically, establishes the common elements, and assigns responsibility for repair and maintenance of each unit and the common areas. It also sets out each owner’s proportionate interest in the common elements and share of the common expenses, and… Continue reading What exactly are condominium declarations, by-laws and rules?
Tag: condominium
What exactly is a condominium, anyway?
Condos were created in Ontario by the Condominium Act in 1967; the legislation has changed many times, and the most recent version is the Condominium Act, 1998, which was passed in (naturally) 2001. There has been some talk of some updates recently, but the legislation is still substantially the same as it was ten years… Continue reading What exactly is a condominium, anyway?