Upon the registration of a condominium plan at Land Titles (or the first phase of a condominium plan in the case of a phased development), a condominium corporation is created. The condominium corporation is the vehicle by which the owners of Units and their associated Unit Factors manage and control the common property of a condominium. At initial registration of the plan, the developer is the owner of all the units representing all of the 10,000 unit factors in the condominium. Read more…….
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