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The number of residential,
commercial (if any), parking, locker and communication (if any) units
that comprise the corporation.
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What percentage of common
element fees you will pay |
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What parts of your unit you must
pay to maintain and replace, such as the fan coils, and what parts are
common elements that the corporation must maintain and repair. The
windows are usually part of the common elements.
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Whether you own or just have the
exclusive use of your parking spot.
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Whether the residential units
are for single-family use or are the use regulated by the municipal
by-laws.
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Whether the residential units
can be rented out on a short-term basis, used as suite-hotel units or
for small business use.
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It may or may not state whether
pets are permitted and if they are allowed, what types, sizes and
quantities are permitted.
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It will list the common elements
and what amenities are provided.
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If
there are shared facilities, the declaration will list the shared
facilities and state
your corporation's portion of the shared facilities expenses.
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