Why are Condominium By-Laws So Important!
Saturday, December 10th, 2011These are the bylaws that legally govern the condominium project, which the buyer will be bound to live by should you decide to purchase a unit and live there.
Often the condo board distributes draft bylaws with the intent of having them registered but do not achieve the approval of the owners so the draft bylaws never get registered and too often are provided instead of the registered set. So always be sure that you get a copy of the Registered Bylaws as those are the ones that are binding.
Obtaining the registered set of bylaws from the Land Title Office eliminates the risk of errors during the disclosure process.
To purchase the registered bylaws direct from the Land Titles Office (LTO) cost is $10.00. A small price to pay to ensure you have the correct information.
