Читать книгу Sell Your Home in Canada - Geraldine Santiago - Страница 14

A co-operative is a type of ownership in which the property is owned in the name of a company. Buyers purchase shares in the company, which gives them ownership of a suite and often of a parking stall as well. In a condominium or co-operative, you will be governed by the strata corporation or company’s by-laws and regulations. You will be required to live under those rules and regulations and will be fined for violations. If you don’t pay your fines, assessments, or monthly dues, the strata corporation or homeowners’ association can put a lien on your home.