What to ask about a Clarington condo corporation
Most of these corporations are young, which means a reserve fund that is still being built up rather than one tested by a major repair, so read the reserve study and latest budget alongside the status certificate, watching for a planned increase. Confirm the tenure of your parking and locker, deeded or simply assigned, and whether the corporation permits short-term rentals and pets, and what the fee includes; newer buildings often bill water and heat separately. Beside the Newcastle harbour, ask how the building handles lake wind and winter on the balconies. In Bowmanville's west end, think about the drive to the 401 and the site of the planned GO station. A stacked townhouse comes with its own questions about roof and exterior responsibility, so have the declaration read.