Understanding Condominiums, Co-Operatives & Co-Ownerships
Condominiums, Co-operatives & Co-Ownerships are legal structures that define both the exclusive rights and the shared rights of individuals who purchase a Unit/Percentage Interest in buildings created as one of these types of legal entity.
These materials have been prepared to provide information of a general nature only. If you are interested in a Condominium and/or Co-ownership, you should ensure that your Real Estate Agent and your Solicitor are knowledgeable about these types of ownership. The Real Estate and Business Brokers Act and the common law respecting the duties and obligations of Real Estate sales persons apply equally to the sale/purchase of both Condominiums and Co-ownerships. The above information cannot be copied without permission of the writer/solicitor. © 2021