Is Condo Living Suitable For You?

Before you rush out and buy one of those Torontosound proofing.
condominium listings you have admired for so long, you7. Restrictions on parking of recreational and
should know that not everyone is suited tocommercial vehicles.
condominium living.8. Restrictions on commercial uses of individual units.
In order to take part in a condominium lifestyle you9. Restrictions on pets or types of pets.
agree from the beginning to live by certain rules and10. Restrictions on plantings or patio usage, particularly
regulations stipulated by the condo corporation.townhouses
When you make an offer on a Toronto Condo your11. Noise restrictions from musical instruments.
real estate agent will insert a conditional clause asking12. Rental restrictions of the unit.
for a Status Certificate. The Status Certificate gives13. Restrictions on usage of elevators for moving and
you not only a financial picture of the condodeliveries etc.
corporation but also the rules and regulations.14. Restrictions on drying clothes on balconies.
Delivery of a Status Certificate is a legal requirement inThese rules and regulations are not to taken lightly.
Ontario and you should upon receipt take it to your realIgnoring any or all of them repeatedly will probably
estate lawyer for examination.result in a court order to comply and substantial legal
These rules and regulations will more than likely differcosts which you will be responsible for.
from one Condo Corporation to another but will containIf you are purchasing Toronto Condominium Listings as
some or all of the following:an investment with the intention of renting out, make
1. No changes to interior of the unit without writtensure you insert a clause in the tenants' lease that
consent from the management.states they agree to comply with all the rules and
2. No satellite dishes or antennae.regulations of the Condo Corporation.
3. No BBQs on balconiesIf after checking the rules and regulations of the Condo
4. Enclosure of balconies not allowed.Corporation you are satisfied you can live with all of
5. Restriction on colour of window coverings.them, you can settle into your new Toronto Condo
6. Restriction on installation of hardwood flooring,and enjoy.
particularly in older buildings, newer ones will have