We receive many calls regarding Bareland Condominiums.
“Is this plan a Condominium Plan or Bareland?”
“Do I need to order a Real Property Report for this condo?”
I have prepared two answers to this question.
1. Call me anytime and we will figure it out together.
2. Keep this page as a quick reference for next time.
Bare Land Condominium plans shows parcels of land on a survey plan. The purchaser of a lot is free to build their dream home within the guidelines of the Developer's restrictive covenant. Real Property Reports are required with the sale of this type of property.
The following plan is an example of a conversional Condominium Plan shown on one page. Ownership may be described as the unit or building with an undivided share of common property. Conventional condos do not need a Real Property Report. (The Condo Plan may be used as the Real Property Report)
In this third example, it is more difficult to interpret the type of condominium. The heading of the plan says it is a Bare Land Condominium Plan Redivision. It is a re-division of Unit 10 of Condominium Plan 0510538. So, the heading seems to include both types.
Look closer at the Notes.
This is a difficult plan to understand, but for our purposes, it contains many clues to help us understand the nature of the condominium. In summary, this is a Condominium Plan within a Bareland Condominium Plan. None of these units will need Real Property Reports. (The plan acts as the Real Property Report.)
You are free to use this guideline as a reference in the future, and if you want to be sure, I am always willing to take your call to discuss your thoughts with you until you are confident you can identify the difference between a Condominium Plan and a Bareland Condominium Plan.