When buying a condo, you will get inundated with a ton of new terms that relate to the ownership, rules & regulations of the building, many of which you probably have never heard before!
One of these elusive terms used is “Exclusive Use”. This refers to the exclusive use common elements, which are elements only used by you while not actually being owned by you.
Unlike regular common elements that are not owned by you & used by everyone (Hallways, gardens, garages, lobby, gym, etc.), exclusive use common elements give you sole access to elements not owned by you like your balcony/terrace, storage locker or parking spot
If you have any questions about Exclusive Use or any other Condo Terms, please feel free to contact us & we will gladly help you out!
TORONTO REAL ESTATE - RYLIE & SALLY COOK
Toronto Real Estate - Rylie & Sally Cook
Toronto Real Estate - Rylie & Sally Cook - Sales Representatives @ RE/MAX Hallmark Realty Ltd - 416-465-7850