Condominiums

Feb. 18, 2023

What is an estoppel certificate?

Estoppel CertificateIn Alberta, an estoppel certificate is a legal document that is commonly used in the buying and selling of condominiums. It is provided by the condominium corporation, and is designed to provide information about the status of the unit being sold, as well as the status of the condominium corporation ...

View More
Feb. 13, 2023

Why Do Condominiums Have Condo Fees?

 

Condo FeesCondominiums have condo fees because they are a way for the owners of individual units in a condominium building to share the costs of common expenses and amenities. Condo fees typically cover expenses such as building maintenance, management, landscaping, snow removal, insurance, water and sewage, trash removal, and the ...

View More
Posted in Condominiums
Feb. 8, 2023

What is a Special Assessment for Condominium Owners?

       

Special Assessment

                                                                                            ...

View More
Posted in Condominiums
Feb. 7, 2023

What is titled, assigned, leased parking or storage?

In Alberta, the process of purchasing or leasing titled, assigned, or leased parking or storage works similarly to other jurisdictions. An individual or business interested in securing a designated parking space or storage unit can approach a property owner or management company to inquire about available options. If a space ...

View More
Posted in Condominiums
Feb. 6, 2023

What are the documents I need to sell my condo?

If you are looking at selling or buying a condominium, the following documents should be in order:

 

Condominium Document Checklist

(a) An information statement that Includes all of the following:

(i)The Particulars of 

  1. any action commenced against the corporation in respect of  which the corporation has been served ...

View More
Posted in Condominiums
Feb. 6, 2023

The benefits of having condominium documents reviewed professionally?

Condominium

Let me begin this discussion with stating that at this time, there are no organzied education courses offered for the Condominium Document Review industry.

So it is difficult to use the word "professionally", I apologize for any confusion. That being sad, I do feel there are individuals who offer expertise ...

View More
Posted in Condominiums
Jan. 28, 2023

Bareland Condominiums - What Are They?

It is important to note that some condos' bylaws or management may require the seller to provide an RPR, in this case, it would be mandatory to have one before selling the condo. Discuss with your agent your requirement to provide one prior to listing your property. 

In Alberta ...

View More
Posted in Condominiums
Jan. 28, 2023

Conventional Condominiums - What are They?

                                             

A conventional condominium is a type of property ownership where individuals own individual units within a multi-unit building or complex, and share responsibility for the maintenance and upkeep ...

View More
Posted in Condominiums
Jan. 28, 2023

Condo - Do you need a Real Property Report to sell a condo in Alberta?

In Alberta, a Real Property Report (RPR) is  required when selling a Bareland Condo, but not so for Conventional Condo. An RPR is a survey of a property that shows the location of buildings and improvements on the property, as well as any encroachments or easements. It also shows the location ...

View More
Posted in Condominiums