Avoid Bad Surprises! Buying a Condominium is more complicated than buying a single family home. The reason is the ownership in a corporation that comes with owning a unit. Yes, once you move in, someone takes care of the building maintenance for you. Yes, you do not need to worry about shoveling snow or mowing the lawn. But it is the condominium corporation that is responsible for it. When you buy into a company, you want to make sure you understand the health (especially financial health) is good. Avoid surprises! Make sure you know the condo bylaw rules (and that you can live with them), the reserve fund, the condo fees, potential special assessments, etc

Jeffery Kahane of the Kahane Law Office