In a bare land condominium development in Alberta, what distinguishes it from a conventional condominium?
Correct Answer
A) Units consist of land parcels rather than building spaces, with minimal common property
Bare land condominiums involve the subdivision of land into individual units (parcels) rather than building spaces, with each owner holding title to their specific parcel plus an interest in limited common property. This structure is commonly used for townhouse developments, RV parks, and residential subdivisions where individual ownership of land parcels is desired.
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