A recreational agreement will allow one of the following:
- owners to use recreational facilities not located on the common property of the condominium complex; or
- non-owners to use the recreational facilities located on the common property of the condominium complex.
Before you buy, review any recreational agreement that exists and consider whether it fits your needs and lifestyle.
If there are recreational facilities on the premises, make sure to review any related bylaws or rules. For example, the fitness centre or pool may only be open certain hours. Will these hours fit your schedule?
If you’re not planning to use the recreational facilities, consider whether the complex is a good fit for you and your budget. Condominiums with recreational facilities tend to have higher condominium contributions than those without.