Читать книгу Buy & Sell Recreational Property in Canada - Geraldine Santiago - Страница 55

A co-operative is a type of ownership in which the property is owned in the name of a company or a registered association. Buyers purchase shares in the company, which gives them ownership of a suite (and often a parking stall as well).

In a condominium co-operative, you will be governed by the bylaws and regulations of the strata corporation or company. You will be required to follow these rules, and violations will result in fines. If you don’t pay your monthly dues, assessments, and/or fines, the strata corporation or homeowners’ association can put a lien on your home.