What does condo mean? why builders build condo? I am talking about
townhouses not high raise building.
Another question please what does "Bylaw" mean? and why it is named "bylaw"?
On 08 Jul 2003, leza wrote:
> What does condo mean? why builders build condo? I am
> talking about townhouses not high raise building.
It is short for condominium, as opposed to "free-hold".
In a condominium, you typically have soverinty on the inside
of your home, but not the outside or surrounding property. The
outside, the exterior walls, the lawns, the roof, are managed
by an owners association, which you are required to pay into
every month, typically a few hundred dollars. The owners
association uses this money to do maintenance (roof, windows,
etc...) and keep up the poperty (lawn & gardening). The OA is
a cooperative instrument---all the property owners are members
and elect its board from among themselves. When you share
significant property with your neighbours, as in an appartment
building or a row house, the condo structure is a way of
preventing neighbourhood disputes.
A free-hold is exactly as the name implies, you have full
control and ownership of your property. Most fully-detached
homes are free-holds.
> Another question please what does "Bylaw" mean? and why it
> is named "bylaw"?
A bylaw is a law passed by a municipality or township, as
opposed to a law passed by the province or Canada. It has the
full force of law within the municipal boundary. Typically
they are enforced by non-police "bylaw officers" (traffic
wardens and the like), but the police will enforce them also,
as necessary. Parking laws, dog licences, noise controls are
all examples of bylaws.
--
Kind Regards,
Bruce.
On Wed, 09 Jul 2003 12:53:19 GMT, Bruce Hollebone <bonehead@no-spam>
wrote in news:Xns93B359C8553B0boneheadontheboardwa@no-spam
> A free-hold is exactly as the name implies, you have full
> control and ownership of your property. Most fully-detached
> homes are free-holds.
That isn't strictly true. Freehold row-houses may have an
agreement restricting appearance and other issues.
Enforcement however is a PITA as the only remedy is civil
court. Been down that road.