Condo life has a distinct appeal for some… It might be access to amenities, the offered security, not having to cut the grass or shovel the snow. Condo life is answering the changing demographics of today – more empty nesters, singles, retirees, and people who are on the go and want to enjoy the hassle-free benefits of condo ownership. That’s the lifestyle perspective of being a condo owner.

From a legal perspective, “condominium” is the term used for a type of ownership legally described as divided co-ownership, and while the task of buying or selling a condo shouldn’t be overwhelming, there is much to review before making a purchase decision.

The condo is governed by a notarized document called the declaration of co-ownership. There is a syndicate of co-owners, fractions of ownership, a board of Directors, annual general meetings, budgets and assessments and minutes of meetings - all to be understood and approved before signing on the dotted line.

At Deakin Realty, we are focusing on simplifying the review process for our West Island condo buyers. It is essential to make a detailed and comprehensive investigation into the fine print associated with condo ownership, but it need not be daunting. We are here to clarify and demystify the process so that at the end of the day you need only consider if you are making the right lifestyle choice.

We will be posting more about the West Island condo market in the weeks to come…