"Back to Basics" is a new series that will appear
regularly and examine common, but rarely considered,
issues.
The option to create different types of condominium corporations
was first introduced by the Condominium Act (the
"Act") in 1998. Once the Act came into
force in 2001, developers had the option to create one of four
alternate types of condominiums:
- Common Element;
- Vacant Land;
- Leasehold; or
- Phased.
Over the past two decades, the common element condominium
corporation ("CECC") has become the most popular of the
alternate condominium corporations but it remains a mystery to
many.
A CECC differs from a standard condominium corporation in that
there are no units, only common elements. It is unique among all
types of condominium corporations as it is the only type in which
there are no units.