When you buy a condominium unit, you acquire fee simple title to the unit and own basically everything between the drywall covering the boundary walls plus an interest in the common areas, including limited common areas.

What typically are included in the common areas?

Common areas usually include the structural portions of the building as well as the roof and building exterior. Also included are the parking lot and landscaping.

Is financing available for commercial condominiums?

There are a number of very competitive loan programs that can be used to purchase your condominium unit. Basically, there are loans available that will function virtually the same as a loan for a free-standing building. If your bank is not set up to do these loans we can refer you to competent lenders who understand how to make these loans. Owner financing is also available.

How do I know if all of the Advantage Business Park will be constructed to the same standard of quality as the buildings that are already built?

The Covenants, Conditions and Restrictions that are in place to direct the standard of quality and architectural features for the existing units are already in place for the remainder of the Advantage Business Park.

What happens when I go to sell my condominium unit?

You can sell your condominium unit like you could sell a free-standing building and you get to keep the appreciation of value attributable to your unit just like if you sold a building.

Can I buy a unit and then lease it out?

Yes! An Advantage Commercial Condominium will make a wonderful investment property. You can enjoy the benefits of a long-term commercial lease in a facility where the management work is done by the Association or a professional property manager.