When you buy a home, you have a certain amount of freedom. But did you know that if you live in a condominium (condo), there are condo by-laws? These by-laws are the rules that all the occupants in the condo complex must abide by. They’re in place not to restrict personal freedoms, but to maintain the spirit of the complex as well as promote a harmonious existence between the people who live there. Some by-laws are common wherever you go, such as those promoting the uniformity of the exterior of the property. There are other by-laws pertaining to noise, or maximum occupancy of people or pets. This is so that no one resident’s personal liberties intrude upon the peace of the other occupants. For example, you probably don’t want to live next to someone who keeps livestock in their unit. Or someone who has seven roommates, etc.
Some examples of condominium by-laws include the following:
Exterior finishing restrictions
Exterior decorating restrictions
If you’re thinking of purchasing a property with condominium ownership, we recommend you familiarize yourself with the condominium by-laws to ensure that the property is right for you.
We're happy to help familiarize you with what you need to know to become a successful condominium homeowner. Please give us a call at (403) 265-9935 or email us at email@example.com.
Attainable Homes Calgary Corporation (AHCC) is a nonprofit social enterprise and wholly owned subsidiary of The City of Calgary that delivers well-appointed, entry-level homes for Calgarians who have been caught in the city’s growing housing affordability gap.
Through our Attainable Home Ownership Program, we connect builders, developers, lenders, lawyers and others to bring down the upfront costs of ownership so qualifying Calgarians can buy their very own home with a $2,000 down payment. Furthermore, when you decide to buy an attainable home, you're also choosing to pay it forward to help another family in the future. When you eventually decide to refinance or sell your home on the market, a share of the appreciation goes back into the program to fund more developments that will help even more people get a foot on the property ladder.
Do you aspire to own a home of your own? Contact us today and let us show you just how attainable this milestone can be.