How Does Condo Ownership Work

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For more than 30 years, I’ve been helping clients buy and sell property in Ottawa’s central neighbourhoods, and I can remember the days when condo ownership was still a. With a condominium, your.

Matthew Gordon Lasner is the official biographer of the condominium. your wife wouldn’t do any housework,” Lasner said. “He wrote that she wouldn’t do any housework because the hotel staff would be.

Frequently Asked Questions.. How does condo hotel ownership work? You own your individual condo. You can use it when you want and enjoy all the amenities of the five-star hotel. When you’re not in residence, place your condo in the rental program. The revenue your condo generates will be.

Which makes sense for your family: a condo or house?. We did add a washer, refrigerator and some patio work for another $2,000 or so, need to catch up on roof repairs led to a $600 special assessment for each owner.

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– Sideroad – As in the condominium form of ownership, fee simple ownership does not prescribe how developments are governed, or how maintenance is handled. For example, a townhome project, with fee simple ownership, may require the owners to fully maintain their units. How Does Condo Ownership Work Part 1 – Perdido Key Condos For.

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But in spite of Vancouver’s seemingly insatiable demand for developments such as new condo buildings. “These projects work.

Fee Simple Ownership In contrast to the condominium regime, you may own real estate by fee simple. Fee (from the old word, feifdom) refers to legal rights in land, and simple means unconstrained. Fee simple ownership is the absolute and unqualified legal title to real property, including both buildings and land.

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People have put their life's work into it and then you go through another one and. Condominium ownership in the City of Toronto rose from just 6% in 1981 to 23 %.. this often does not occur due to differences in owner behaviour (Rosenthal .