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Understanding Condo Ownership: The to Divided and Undivided Properties

Dernière modification: 22 mai 2024

Divided Co-Ownership

Divided co-ownership is the most common type of condominium. You own a private portion, such as your apartment and parking space, as well as a share of the common areas such as corridors, the swimming pool, and the gym. Each unit has its own school and municipal tax accounts, and a distinct lot number. You have the freedom to sell your unit without the consent of other co-owners, and your mortgage is independent of the others. A syndicate of co-ownership is responsible for the management of the building, and you can participate if you wish. For more specific information on acquiring a divided co-ownership, Gail Meili and Gary Bosch, residential real estate agents in Vaudreuil-Dorion, are experts in the field and can offer their expertise.

Undivided Co-Ownership

Undivided co-ownership, less well-known, involves buying a percentage of the building. There is no syndicate of co-ownership; an undivided co-ownership agreement governs the rights and obligations of the co-owners. This agreement establishes your exclusive usage rights for your apartment and parking space, and outlines the building's management. To resell your share, the agreement may require that you first offer it to the other co-owners. A single lot number and a single tax account are shared among co-owners according to their respective shares. To understand more about undivided co-ownership, do not hesitate to contact Gail Meili and Gary Bosch, our residential real estate agents who will be pleased to assist you.


To acquire divided co-ownership, a minimum down payment of 5% of the purchase price is necessary, making this option more accessible. On the other hand, undivided co-ownership requires a down payment of 20%. If the down payment is less than 20%, mortgage insurance by the CMHC is mandatory. In divided co-ownership, you have the choice of the banking institution for your mortgage loan. In undivided co-ownership, all co-owners must take their loan from the same bank. Source Centris. If you have questions about financing a co-ownership, Gail Meili, real estate broker in Vaudreuil-Dorion, have the necessary expertise to guide and advise you.


Choosing between divided and undivided co-ownership depends on your needs and preferences. Divided co-ownership offers more individual freedom and a more structured management, while undivided co-ownership requires closer collective management. To make an informed decision, it is crucial to consult an expert in the field. Gail Meili, a real estate broker in Vaudreuil-Dorion, is at your service to offer you informed and personalized advice on the best co-ownership option for you. Do not hesitate to contact Gail for more information on this topic.

Contact Information:

  • Name: Gail Meili
  • Title: Real Estate Broker
  • Address: Vaudreuil-Dorion, QC J7V 7N9
  • Email: gailmeili@icloud.com
  • Phone: 514 969-4134
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