S
shlammed
Guest
howdy neighbors
firmed up (not incl. 10 day cooling off period)
firmed up (not incl. 10 day cooling off period)
Anyone move in yet? How is it there? How are the amenities? What's the building like and how is the soundproofing between units and above?
Even though the gym may look ready, you may not get to use it. The developer has up to 6 months after registration before they have to open up the amenities. We got ours six months to the day Everything looked ready for months. City inspectors have to sign off on everything too.
On the other hand, I've seen buildings that had amenities up and running as soon as people started moving in.
Just sent the documents to my lawyer
waiting to find out if I have any surprises coming that I'm not aware of i.e. crazy charges for hydro meter hookups and such
Please post if there are crazy charges that you find out. Too late for some of us but my fees from Plazacorp in the past have been reasonable. Hope they will be on this one.
It was many years ago now but it was about 1% or less total of the purchase price as I recall for everything.(1000-2000 dollars). This is off the top of my head. I would have to research it to be more accurate.
Your lawyer won't be able to argue most of the charges I. The most you will be able to do is get a cap I suspect. But who knows.
that's reasonable and I totally would expect to pay something like that (above and beyond the land transfer tax). The reason I got worried was because this is my first downtown condo purchase and I just read about having these charges capped...wasn't even aware you could ask for that. So, plan is to get my lawyer to figure it all out before my 10 day cooling off period expires.
Your lawyer will probably put a limit on certain costs of around $2500-$3000. That seems to be the number I hear bantered around these days. Remember when I bought prices were also 60% of present prices. Plazacorp may/may not agree and you will have to decide at that point whether to proceed or not.
Maybe others can help you out or have clauses in their contracts capping. I wasn't smart enough so I pay what they will ask.
Also when I bought, everything was going like hotcakes so bargaining position is weak when 75% of the building sells out in a month!