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Definitions
| Fee Simple |
- highest form of Ownership
- Minimal restraction
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| Free-Standing Condominium |
- registered interest in land
- get an estoppel certificate up front
- be careful of the definitions of unit, common areas, exclusive use of common areas
- be careful of common expenses
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| Land Lease |
- client owns structure and contents
- Land is leased from individual or corporation
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| Life Lease |
- Life Tenant has leasehold interest in the unit and the shared use of common facilities in exchange for a lump sum payment, together with an ongoing obligation for common costs
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Retirement Communities
Return to: Real Estate Planning
Don has answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Don or click on "Ask Your Own Questions."
Don can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like him to help you locate a home, please fill out his Information Request Form.
Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Don can also help. Just fill out his Would like an address form, please !
Or perhaps you are considering selling your home in the near future, he can also offer you a Free No-Obligation Market Evaluation Form. |
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