VacantHomes.ca

Second homes & seasonal

Less to go wrong, and one thing that goes very wrong.

The easiest property to leave empty, right up until a supply line fails and it becomes six units’ problem.

Typical duration

Weeks to months, repeatedly

Notice you get

Varies

Contactable?

Yes

Dominant risk

In-suite water, and what it costs in a stacked building

A condo is genuinely lower-maintenance to leave empty. No roof, no yard, no snow clearing, no exterior. Owners buy them partly for that, and they are right to.

The exception is water, and the exception is expensive. In a stacked building a supply failure in your unit goes down into the units below and into common property, and Alberta condominium bylaws frequently allow the corporation to charge its deductible back to the unit where the loss originated — commonly in the tens of thousands, regardless of fault.

Access is the other distinguishing feature. Fobs, elevator bookings, visitor parking, concierge procedures and registration requirements all vary by building and all have to be arranged before the first visit rather than at the door.

What makes this different

Every situation on this site is empty for a reason. These are the things specific to this one.

A short checklist with one large item on it

Almost everything is somebody else’s responsibility. The one thing that is not can cost more than any of them.

Deductible chargeback is the real exposure

The financial risk is not the damage to your unit. It is the corporation’s deductible landing on you.

Building access has to be arranged in advance

Fobs, elevators, parking and concierge procedures vary by building and are the practical obstacle.

What typically goes wrong

  • An in-suite supply failure becoming a multi-unit claim
  • A deductible chargeback the owner did not know was possible
  • Dry traps across several unused fixtures
  • Access arrangements not sorted before the first visit

Other second homes & seasonal

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