Change your co-ownership arrangement
Circumstances can change, and you may decide that you would like to make changes to your co-ownership arrangement or your home.
Depending on the changes that you are considering, it is important to understand the legal and regulatory requirements for different uses such as rental, boarding, and care homes. These requirements may be very different than those for the co-ownership housing described in this guide.
Your home may be subject to additional or different rules if you make changes to your co-ownership arrangement in the future, such as :
- renting out rooms (for short or long term)
- bringing in investors who will not live with you
- renovating
- creating new suites or units
- providing services in return for payment
You may be required to meet different standards, get licenses or undergo inspections. There is also a chance that the new use may not be allowed in your area.
Check with your local municipality before making changes to your property or its use. When in doubt, ask.