Condominium units for sale in Thunder Bay Ontario Canada?

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Top Q&A For: Condominium units for sale in Thunder Bay Ontar...

Does the Declaration of ownership extend beyond the sale of the Condominium units?

Once you purchase a condominium unit, whether you are its first owner or subsequent owner, the condominium declarations will always be in force.

In a NJ condominium that you own two or more units would you become a member in bad standing if you paid assessments on one unit and did not pay on the other units?

Regardless of the number of units that you own, you owe assessments on every unit.Read your governing documents to understand your commitment to pay assessments. In addition, you can read the board... Read More »

You are one owner in a 5 unit condo Four units have been fore closed on you are paying all expenses units are now up for sale How can you collect your expenses?

Document your expenses and your payments.File liens against the other four units -- you need an attorney to assist you in this task -- so that whenever the units are sold (bought) your lien can be ... Read More »

A condominium a sinking fund to accumulate 250000 in 3 years The fund earns 9 interest pa compounded monthly If there are 200 units in the condominium how much each owner unit will payeach month?

Each unit owner will be required to pay $26.69 monthly for 3 years or 36 payments.. That amount of money will accumulate to $213,802 in those t3 years at a 9% compounded rate, or $36,198 in accumul... Read More »