Are condominiums a form of subdivision?
Yes, condominiums is an appartment style building where the ower and the developer own certain rights. There are a few rules which will help us to know about condos.
Read it here :
http://realestatepropertytalk.wordpress.com/2014/03/18/general-rules-and-regulation-to-be-followed-while-going-for-a-condo/
Yes. Condominiums are a form of property ownership in which title to a unit, such as an individual apartment in a high-rise building, is held by an individual together with a share of the rest of the property, which is common to all of the owners. Condominiums can involve a brand new development, or an existing rental project which is converted to condominium ownership. They can apply to any type of residential building as well as commercial and industrial areas. Vacant land is not eligible. A condominium plan is similar to a plan of subdivision, in that it is a way of dividing property and therefore plans of condominium must be approved by the County of Lambton. Applications for draft plans of condominium are not subject to the requirements of giving notice of application and holding a public meeting. However, the County of Lambton is still required to give a Notice of Decision and the 20-day appeal period applies following the Notice of Decision being given. Condominium conversions i
