If you think that the grass mows itself, or the heater repairs itself, then you better think again The maintenance of the condo building isn’t done by one person.

The group who pays for all those things are the financial entity known as the condominium corporation. This group is made up of a board of directors run by the unit owners. They ensure that the building and grounds are well-maintained and that all owners follow the bylaws.

So if you’re looking around for a condo, do look for the corporation’s monthly financial statements and Reserve Fund Study. Both provide a wealth of info on how the building is cared for.

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