How can you determine if the condo is conventional or bare land? You need to review the Condominium Plan.
What is a bare land condominium?
In a bare land condominium project, units are created from the land. An owner owns everything that is built on the unit including all parts of the building, decks, patios, driveways, etc.
The condominium plan registered at the Land Titles Office looks very similar to an ordinary single family subdivision plan but is registered as a Bare Land condominium plan under the Condominium Property Act. There are no buildings shown on a bare land condominium plan.
Most resale condominium purchase contract will state that if the Property is a condominium unit that creates a lot (bare land condominium), as part of the normal closing documents, the Seller will provide the Buyer a real property report.
For example, this Plan is for a certain condo-town home complex. Notice how the plan shows the units which were created look like lots rather than buildings. This would be a bare land condo and you would need a real property report.
What is a conventional condo?
In a conventional condominium project the building is divided into units and the outside of the units is designated as a common property. You must examine the condominium plan to determine the unit boundary definitional and you must also examine the plan to determine if the parking stalls have also been titled. The Plan below is for another condo-town home project, but notice how it outlines the buildings as units rather than the lots. This type is a conventional condominium and does not need an RPR.
