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BARE LAND CONDOMINIUM
As a Bare Land Condominium, Air Ranch offers a unique opportunity to participate in how your community is managed, maintained and landscaped.
The term ‘Bare Land Condo” means:
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Every owner has direct title and ownership of their lot.
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Every owner has an undivided interest in the common property of their phase of development.
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Each phase of development will form it’s own board and will assume the self-governance roles relating to their common property once title transfer of at least 50% of the homes has occurred. Currently the condo boards of each phase of development have set their fees in the range of $50/month.
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Each phase of development is a limited partner in the structure that owns the Okotoks Air Ranch Airport.
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Once the development is completed, the residents, through their individual condo corps will be in control of the Air Ranch community.
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