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Introduction to condominiums

Technically, a condominium is a collection of individual home units and common areas along with the land upon which they sit. Individual home ownership within a condominium is construed as ownership of only the air space confining the boundaries of the home. The boundaries of that space are specified by a legal document known as a Declaration, filed on record with the local governing authority. Typically, these boundaries will include the wall surrounding a condo, allowing the homeowner to make some interior modifications without impacting the common area. Anything outside this boundary is held in an undivided ownership interest by a corporation established at the time of the condominium's creation. The corporation holds this property in trust on behalf of the homeowners as a group—it may not have ownership itself.

Condominiums have conditions, covenants, and restrictions, and often additional rules that govern how the individual unit owners are to share the space.  In Alberta, these are called The Condominium Bylaws.

​The Marquis condominium

Think of the Marquis Condominium as a community within a community.  Just as in our City (the larger community), we need a common understanding of how we 'live together'.  In that understanding are various legal requirements enshrined in the Alberta Condominium Act as well as a number of additional common sense bylaws that are intended to make community living an agreeable experience that is fair and equitable.  The purchase of a condominium unit in the Marquis (or any condominium) implies that you have READ THE BYLAWS and AGREE to uphold them.  When infractions occur, the applicable condominium unit owner is held responsible. The Condominium Board through the Property Manager may levy fines, recover costs for damages incurred, and if necessary, place a caveat on the unit owner's property title.

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