• Zoning Regulations
• Occupancy Fee
• Occupancy Date
• Multiple Listing Service
• Mortgagor
• Mortgage
• Maintenance Fees
• Lien
• Land Transfer Tax
• Ontario New Home Warranty Program
• Prepayment Privilige
• P.I.T
• Vendor-take-back Mortgage
• Variable-rate Mortgage
• Unit
• Tarion Warranty Corporation
• Subdivision
• Reserve Fund
• Registration
• Principal
• Interim Occupancy
• High Ratio Mortgage
• Condominium Corporation
• Common Elements
• Chattels
• Board of Directors
• Blended Mortgage
• Assumable Mortgage
• Assessment
• Appreciation
• Appraisal
• Condominium Declaration
• Condominium Ownership
• Final Closing
• Exclusive Use Common Elements
• Equity
• Mortgage Insurance
• Amortization
• Deed
• Debt Service Ratio
• Counteroffer
• Disclosure Statement
• Developer

Condominiums Terms

Condominium Boards, owners and practitioners use a variety of terms to refer to different types of votes used in condominium. Here is a practical guide to voting terms for condominiums. During the purchasing process - there are many documents for you and your lawyer to review. To the left is a list of some of the terminology used by real estate practitioners in Ontario and definitions, which will to help you through the documents.

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