Posts tagged Condo Declaration
How Much of Your Life is Spent Waiting in Elevators?

If you live in a high-rise condo, you know all too well the problems that can arise when one or more elevators go out of service! 

But how much of your day & life is spent waiting for these elevators?

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How to Avoid a Special Assessment in Your Toronto Condo

The words “special assessment” bring goosebumps to many condo owners & with good reason! These additional fees can appear to come out of nowhere if you don’t approach your condo purchase properly & do your homework on the building!

A special assessment occurs when there are repairs that need to made to a condo building but the existing reserve fund doesn’t have enough cash on hand to cover the expense. As a result, owners are left with an additional lump sum that they must pay to cover the costs.

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What Does Your Condo Declaration Mean?

If you own a condo, your Condo Declaration is one of the most important documents that you need to review as it contains all of the information regarding your suite & the building itself

Things like the boundaries of your condo suite & rules regarding pets, noise and what changes can be made to the unit with regards to physical alterations are outlined.

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