May 30, 2022

Lentor Modern Condo

While some condo projects look like lofts or apartments, others may look like duplexes, townhomes, garden homes, or residences on regular lots. Generally, creating a condo regime allows the developer to get more density approved than he would if he had done single-ownership lots. This is usually the reason why the condo regime is chosen over the single ownership of lots. It is possible that a condominium may just be two units of a duplex. In this case the two owners may jointly make decisions concerning maintenance of any common areas. By setting up the units of a duplex as two condos, the owner is able to sell them separately to two different owners.

If you are considering purchasing a condo, it is very important to read the condo Lentor Modern Condo documents carefully. The rules of each condominium are specific to the development, so no assumptions should be made about their requirements. The condo documents specify what maintenance is covered by the common budget. In one case, the association may handle all exterior components, decks, pools, sidewalks, driveways, etc. In another, the documents may require that the individual owners be responsible for complete maintenance of their units, including foundations, roofs, and exterior walls.

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