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2. Is there a rental cap. This may be vital for 2 seemingly contradictory causes. You would possibly need to rent your unit in some unspecified time in the future otherwise you wish to make sure there won't be a bunch of renters living in your advanced. Often the association will have a rental cap; most likely somewhere round 10%. The proportion is primarily to ensure other units haven't got difficulty in acquiring financing.
As a condo owner you do have certain rights. And these rights are defined for the most part by the legislation established in the province the place you've got made your buy. But there are extra rules, rules and bylaws that have been setup by the condominium mission that you're about to buy into.
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