Thats true but just to add that you are really only buying a lease with maintenance fees every month with no real guarantee that maintenance will be performed month in month out for the 50 odd year duration.Originally Posted by gWaPito
Not forgetting, unlike a house and lot, you can legally buy the condo in your own name...If space is an issue, there's nothing stopping you buying 2, side by side and knocking them through. It has been known
In regards "knocking through",I have no idea if that's allowed in the terms of your contract or not?
The most important thing is that the buildings ownership maintains its 60/40% status.
Lots to consider when purchasing a lease for a Condo here..
Its not something I would get involved with but I can see how it might suit others.
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