What is the key difference between a conventional condominium and a bare land condominium in Alberta?
Correct Answer
A) Bare land units are defined by land boundaries rather than building walls
Under the Condominium Property Act, a bare land condominium unit is defined by the boundaries of the land parcel itself, not building walls. The unit owner typically owns the land and any structures on it, while sharing common property like roads and amenities with other unit owners.
Why This Is the Correct Answer
In a bare land condominium, the unit boundaries are defined by the surface of the land (the lot boundaries) rather than the walls of a building. The unit owner typically owns the land parcel and any structures built on it, while sharing common property such as roads, parks, and amenities with other owners.
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