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Do You Really Own Your Gatehouse?
Author:
Ernie Nyitrai
Publication date:
January 19, 2018
Article Summary:
This article discusses a situation where a gatehouse shared by two condominiums for 30 years was discovered to be not owned by either of the condominium corporations. The gatehouse was still owned by the original builder, who was no longer in business. To rectify the issue, the condominium corporations had to petition the Province of Ontario to transfer the ownership to them. The article highlights the importance of ensuring that all common elements, particularly those identified in the plan of survey, are properly transferred to the condominium during the turnover process from the builder.
Keywords:
Condominium, Gatehouse, Common Elements, Turnover Process, Ownership Transfer, Plan of Survey, Builder, Province of Ontario, Condo Corporation, Insurance Coverage, Liability.
Source Citation:
Ernie Nyitrai
Do You Really Own Your Gatehouse?
January 19, 2018
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