Oakville Newspapers

Oakville Beaver, 24 Feb 1993, p. 30

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That there are a number of people who, having committed themselves earâ€" lier to purchase a unit in a building that was under construction, have now found themselves faced with that uncomfortable situation that, while the Entering into a contract to purchase a condominium unit is much like pledging one‘s marriage vows. Those "I Do‘s", made when one signs that sales contract, can sometimes have as serious a consequence as those made by the bride and groom when they autograph the marriage register. © Prime location, mature treed lot on ®@ & crescent. Well cared for 4 badrm. home. & e Large livingâ€"dining, eatâ€"in kitchen,. & & finished rec. room. Pick 6&” m0vinE HELEN & VICTOR SARIC 842â€"7000. date â€" Price is righf $244, HELEN © @ 24 HR. PAGER VICTOR SARIC 842â€"7000. 24 Hr Pager. 4& e o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o life style you can afford. Luxury 2 bedroom, solarium, 2 baths, eatâ€"in kitchen, laundry, excellent closet space. em moveâ€"in condition. Pool, quiet loc .wclkfoGO&mm Must see. Priced to sell $144,.9200. HE! & VICTOR SARIC 842â€"7000. 24 Hr Pager. Oversize pie shape lot, prof. landscaped ing. pool, quiet court. Tastefully decorated. qg:olity finished custom design. Every bedroom with ens. bath, 3 FP, sprinkle&stem and much more. Price $569.000. HELEN & VICTOR SARIC 842â€"7000. 24 Hr Pager. LOCATION + SIZE + QUALTY + 176 VIEWBANK CRESCENT HELEN & VICTOR SARIC 842â€"7000. HELEN & VICTOR 842â€"7000 24 HR. PAGER â€"__ 24 HR. 3&3& onsequences of saying "I do" LUXURY AFFORDABLE SOLD SOLD 605 UNSWORTH <a Move to right aoddress, fantastic treed rovine, 5 bedrooms, formal livingâ€" gining, greenhouse kitchen.oversize family room FP overlooking rovine, main floor den, open staircase. Excellent neighbourhood, walk to schools. Auur&sus.ooo. HELEN & VICTOR SARIC 842â€"7000. 24 Hr Poger. This is the point when the buyers begin to pay an occupancy fee which â€" in effect is a form of rent â€" with the developer playing the role of landlord, frustrating the unit owners, who at this point feel they are unable to control their destiny â€" or obtain the deed to the developer has not registered the corpoâ€" ration, or perhaps even completed the building, they are required to move in at the time when the developer informed the buyer that his unit was ready for occupancy as described in the Condominium Act. under Sec. 51. (6). Price is right â€" $399.000 â€" 3,500 sq. ft. custom built. Top quality throughout, elegant decor loaded with extras, oversize lot with raovine view. Prime location, 20 minutes to airport, walk to schools, park & shoppln%.' HELEN & vmoasfmcm-m.u Pager. RAVINE, SIZE, LOCATION SOUTH EAST OAKVILLE ONE OF THE KIND VICTOR SARIC e unit and begin to pay down the mortâ€" gage. This state of affairs will continue as long as the declarant still owns a majorâ€" ity of the units. He can continue to have complete control of the corporation, for as much as the tenants may fume and fuss, there is nothing they may do at this point to control the situation while the complex is completely under the control of the developer and his personâ€" ally selected board of directors. But the minute he has sold 51% of the units, the shoe is on the other foot. It is then that he must call a meeting of the owners and turnover control of the complex to them. Should he fail to do BOSLEY 4& REAL ESTATE W. H. BOSLEY & CO. LTD. AEALTOR $224,900. Spacious and gracious 4â€"bedroom. Ground floor famzntm. with w/o to deck and fr'mtetteedga . Large country kitchen. aundry/mud mm. with side entrance. Beautiful mature crescent withâ€"in walking distance to everything. SELECTIONS REALTY LTD. (REALTOR) 338â€"6111 Elaine Philpott has been opening doors and closing ols m Gofoiie vns Taral yoh 4 PE / m SELECTIONS SO MUCH FOR SA LITTLE 4%’"\. ++ $124,000 * 845â€"935¢ ELAINE PHILPOTT, Broker 338â€"6111 . AS* HOUSE BEAUTIFUL â€" FANTASTIC VALUE ANNE M. CHONG® 845â€"9350 $1,149,000 321 Lakeshore Rd. E., Oakville 159350 ELAINE PHILPOTT Broker so, the owners may call such a meeting, elect their own board, and take over the management of the condominium. Then it is that the declarant shall give to the board elected at the turnover meeting the seal of the corporation, the minute book, copies of all agreements, together with all other documents which will enable the new board to confidently carry on the affairs of the corporation. That is the time when the wedding vows of the owners and their units are consummated and it then becomes a case of "For better or for worse, in sickness and in health, until death do us part, do I take thee, ‘Condo X‘, for my lawful wedded home." Once that condo marriage is consummated, then it is when the newly elected board of directors will have as great an effect on your happiness in the condo, as would the spouse with whom you chose to share your marriage bed. Then it will be that, with the corpoâ€" ration having received its registration number, those unit owners who have obtained the deed to their unit, will no longer have to pay the developer an occupancy fee and with the complete control of the condo in their hands, they are now obligated to pay the comâ€" mon expenses fee, together with all the other unit owners â€" even including the developer, for the units he continues to hold. P "In that case," said the unit owner, "T‘ll come back when you‘re sober." H. Penman Smith is a Burlington resident who has been active in all phases of condominium activity since 1975. He is viceâ€"president of the Golden Horseshoe Chapter of the CCI and former Condominium Information Officer with the Ministry of Consumer and Commercial relations of the province of Ontario. The opinions statâ€" ed in this column are his own. He is not qualified to give legal opinions. _ But then as you may know, there may be some unit owners who are never satisfied, and there was one I knew about who even went to his docâ€" tor about his complaint. The doctor, after examining him said, "I can‘t find a cause for your complaint. Frankly, I think it‘s due to drinking." Condofax welcomes your questions about condominiums and can be reached through the Oakville Beaver at 467 Speers Rd., Oakville, Ontario L6K 3$4, or by calling The Golden Horseshoe Chapter of the Canadian Condominium Institute (CCT) at 521â€" 8144. Oakville executive Mattamy home in Glen Abbey , 3200 sq. ft. For details please call Jennv Chang, Sales Representative 858â€"3930 HOUSE FOR RENT Canada Trust Realty EB Canads Trust Reaity inc. / Reaitor * ie * @ yas g Pes 'i in 4 se >

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