Ask an Expert: Selling your Leaky Condominium - Are you giving away your right to possible repair cost recovery?

10.2.02
Edward L. Wilson

When it comes to buying and selling “leaky condos” most people discuss the liabilities. What buyers and sellers should also consider are the possible assets. Potential assets of a leaky condo include refunds on repair assessments, PST rebates and litigation settlements. Evaluating the potential of actually receiving these monies is critical before marketing your condominium.