{"id":794,"date":"2018-05-09T06:57:54","date_gmt":"2018-05-09T04:57:54","guid":{"rendered":"https:\/\/carolinesimard.ca\/?p=794"},"modified":"2022-02-22T23:02:15","modified_gmt":"2022-02-23T04:02:15","slug":"a-simple-precaution-to-take-before-buying-a-condo","status":"publish","type":"post","link":"https:\/\/carolinesimard.ca\/en\/a-simple-precaution-to-take-before-buying-a-condo\/","title":{"rendered":"A simple precaution to take before buying a condo"},"content":{"rendered":"

Are you tired of spending long hours maintaining your property and considering buying a condo to get rid of this burden? Buying a condo may be the right solution for you, but be aware that in order to avoid future problems, you have some homework to do before making your move.<\/p>\n

In another article, we talked about the dangers of buying without an inspection or buying without a warranty and at your own risk<\/a>. Another key element comes into play when buying a condo.<\/p>\n

Legally speaking, living in a condo means that you are under the divided co-ownership system. In each condo building, there is a syndicate of co-owners. This syndicate takes care of the building management. The syndicate collects the various contributions from the owners (the condo fees) to ensure the maintenance of the building.<\/p>\n

By law, the condo buyer is required to pay all fees due for common expenses at the time of acquisition. To avoid a nasty surprise afterwards, you should ask the syndicate for a statement of the fees<\/strong> owed by the unit you wish to purchase.<\/p>\n

Being careful will bring you peace of mind.<\/p>\n","protected":false},"excerpt":{"rendered":"

Are you tired of spending long hours maintaining your property and considering buying a condo to get rid of this burden? Buying a condo may be the right solution for you, but be aware that in order to avoid future problems, you have some homework to do before making your move. 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