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The term "condominium" refers to multiple ownership of a parcel containing several separate dwelling units, dwelling groups or commercial developments. The term is often mistakenly used in reference to row style housing; a type of land use not land ownership.
All condominium developments are governed by the CPA. All condominiums, including apartment conversions, must form a condominium corporation including all unit owners. Unit owners pay condominium fees to cover the costs of the corporation proportional to the value of their ownership in the condominium. The corporation provides a forum for owners and manages the common property of the development, including utilities, roadways, landscaping, maintenance, services, and amenities, rehabilitation and replacement funds, and taxes. Unit owners are responsible for individual utilities, repairs and maintenance within the units, unit taxes and mortgages. The condominium corporation is also responsible for the maintenance and upkeep of all completed on-site roadways, utilities, and services. A municipality may require an on-going contract with the condominium corporation, addressing waste disposal, snow removal and other municipal services provided to the condominium development.
As units are sold, the CPA governs the transition of common property from the developer to the corporation of owners. The corporation must adopt bylaws and elect a board of directors. Condominium guides and bylaws are available through Information Services (ISC).
There are two main types of condominium projects:
Commonly, condominium developments are focused around specific amenities (e.g. a community center, swimming facility, golf course, equestrian facility, or communal service in a rural municipality). They are often designed for a population with similar interests or needs along the housing continuum (e.g. post-secondary students, seniors, executive suites).
Mixed Residential/Commercial Projects
Under the CPA, it is also possible to create a mixed-use commercial and residential condominium project. Under this scenario, the corporation may be divided into different "sections" to accommodate the different interests of residential and commercial owners.
Where a bare land condominium is created for a commercial use, e.g. a shopping centre, business centre, or industrial park, it is normally treated as a single parcel having a specific use. For example in a light industrial project, the zoning regulations relating to light industrial apply to all units.
Consistent with any development, bare land condominiums must have parking allocated in compliance with local zoning regulations. Parking spaces designated for a specific condominium unit are transferred with the sale of the unit.
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