What Is A Condo? Monday June 06th, 2016

People often think of a condo as being a huge high rise building but there are different types of structures under the condo umbrella. Condo townhouse, condo detached, condo apartment, condo industrial unit etc., all of these types of property require a monthly maintenance fee and are governed by a condo corporation. The monthly maintenance fees usually covers things like windows, doors, roof etc. but all condo corporations are different. The condo owner is usually responsible for maintenance of anything inside the unit at their expense. If you’re planning on buying a condo, your lawyer should review the status certificate before you go through with the purchase.