3 ms·
So, a builder can build an apartment building, but they cannot ever sell that apartment building?
by darawk 7y ago
So, a builder can build an apartment building, but they cannot ever sell that apartment building?
- mixmastamyk 7y agoNo, individual units would be subject to the restriction of being sold to direct owners and must be occupied or subject to tax. See recent laws in Vancouver for one example. Once all units are sold, the building is co-owned between them. There is nothing left for the developer to sell. Perhaps a rental property management service, paid for by the owners.