Unit factor refers to the percentage of a condomium's commmon property a condo unit owner actually owns. Also known as "proportionate share," the unit factor is used to determine how much each unit owner will pay in monthly maintenance fees, and sometimes delineates condo corporation voting rights. The unit factor should be listed in the condominium's declaration, or in other governing documents.
Meet Realtors® Steve and Tim
Welcome to Condo Nova, your first and only stop when it comes to condos in Halifax and Dartmouth.