28/08/2026
Crack Them Thoughts Friday: What do you actually own when you purchase a condominium?
You may have heard that buying a condo means you only own the air inside your unit. Let’s clarify this common misconception.
The Reality: When you purchase a condo unit, you’re not just buying air—you're acquiring an undivided share of ownership in the entire condominium corporation. That includes:
* The structural frame
* The land it stands on
* Common areas and amenities
Your exact percentage share, voting rights, and unit guidelines are all defined in the project's Master Deed with Declaration of Restrictions.
Checking the Master Deed before you seal the deal ensures you know your exact rights and ownership scope.
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