Quote:
Originally Posted by robotropolis
This development is a condo one with condo fees ... I wonder if it's not a good model, though, Fenwick? We are always behind in housing trends here so it would make sense that a model out of vogue somewhere else is in vogue here.
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There are pluses and minuses to freehold. With freehold, each individual is responsible for shingling their own roof, exterior painting, etc. So for such a system to work, you need to have responsible neighbours.
Usually freehold developments would have individual driveways that are on public streets as opposed to private lanes (so it is more like detached homes, but several are joined). With freehold, you actually own your individual lot, as opposed to condo where the land is commonly owned by the condo corporation (I think with a condo you own it, but indirectly - I think legally you own a percentage of the entire land that the condominium sits on, but I am not sure).
I currently have a detached home so I don't have to worry about it being freehold or condo. About 15 years ago I lived in a condo townhouse and the fees were relatively low and there weren't any concerns.
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