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Condominiums

Why is Condo ownership the number #1 choice for busy young people, hard-working professionals, and active retirees? It's the lifestyle! People who buy a condo, don't want to spend time on yard work, gardening, and maintenance. Condo living offers freedom…to travel spontaneously, live an active lifestyle, and visit more often with friends and family. Condo owners are able to simply lock their door and leave at will.

Whether you are interested in buying a condo or selling a condo, I am your best choice for real estate assistance. I  have over three decades of combined experience with the CookTeam, providing invaluable help to families moving to or from Kingston. I know Kingston and I know the condo market in Kingston.

Starting out or starting over…condo ownership in Kingston may be your answer. Please contact me today to discuss your situation. I will personally respond to all inquiries as quickly as possible, often within the hour.

 

WHAT IS A CONDO?

When people refer to a condominium, they are typically speaking of a form of ownership as opposed to a place to make a home. They are often thought of as being high-rise residential buildings, but could be applied to townhouse complexes, individual houses and low-rise residential buildings. In British Columbia they are known as strata and in Quebec they are referred to syndicates of co-ownership as opposed to the condominiums in Kingston.

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WHAT DO YOU OWN?

When buying a Kingston condominium, a person would own the unit, along with a percentage of the common property elements allocated to the unit. The percentage of the common elements and the boundaries of each unit that is owned may vary between condominiums. This depends on how they are specified in the condominium's governing documents. There are times where the unit boundary can be at the backside of the interior drywall of the unit's dividing walls or could be the center line of the unit's wall. At the time of purchase, it is important to consider the boundaries of your condominium, especially if there are alterations and renovations as a potential part of the purchase.

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WHAT ABOUT RULES & REGULATIONS?

When people refer to a condominium, they are typically speaking of a form of ownership as opposed to a place to make a home. They are often thought of as being high-rise residential buildings, but could be applied to townhouse complexes, individual houses and low-rise residential buildings. In British Columbia they are known as strata and in Quebec they are referred to syndicates of co-ownership as opposed to the condominiums in Kingston.

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WHAT ABOUT INSURANCE?

Both the owner and the condominium corporation are required to have insurance but the requirements will differ. The corporation may need to be responsible for the common areas and units; the corporation's property, personal liability concerning claims for bodily injury and property damage occurring on condominium property or is the cause of the condominium corporation; boilers and other equipment; directors and officers insurance; and all perils that are recorded in the condominium governing documents. The unit owner could be responsible in insuring their personal property such as appliances, jewelry, and items stored in lockers; improvements made to the unit, depending on the provincial legislation; and personal liability.

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