Condominium DO's and DONT's
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CONDO DO’S	CONDO DONT’S
Know how a condominium works Know the steps in buying a condominium Know what to expect after you move in	Disregard the CONDO DO’S Try to understand everything on your own

HOW A CONDOMINIUM WORKS
A Condominium is actually a legal definition that refers to the method of ownership, not the type of
building. Any type of home - including suites in low rise or high rise towers or townhomes - can be a
condominium. When you buy a condominium, you own the interior space of your home outright. Then you and all the other homeowners in your condominium community jointly own all the other physical and mechanical structures, from the hallways and elevators to the recreational facilities and the outside grounds. These are for the shared use of all owners and are called "common elements". Your balcony or patio is also considered a common element, but it's what's known as an exclusive use common element. This means only you can use it, but the maintenance is not your responsibility.

STEPS IN BUYING A CONDO
Purchasing a condominium is a significant financial investment and as a result, can be a highly stressful experience. At Cornerstone Management, we recognize that fact and want to help reduce whatever stress you might feel wherever we can. Our representatives are well trained and extremely
knowledgeable of the condominium buying process. They are always ready to answer any questions or discuss any concerns you might have. Thinking of buying a condominium? Here are some simple questions to ask yourself when buying a condo. (Don't worry if you don't have all the answers to these questions. Just thinking about them will help you get ready to start your search.)

DON’T TRY TO UNDERSTAND EVERYTHING ALONE
There is a lot of information that pertains to the purchase of a condominium. At Cornerstone
Management we can help simplify the process, aid you in making your condominium purchase, and
recommend lending and legal professionals that are experts in condominiums. We can help you
understand.