Lance Lundy

Whistler Real Estate - Pemberton Real Estate

  Individual family homes, ski-in/ski-out chalets and luxury homes located through Whistler and Pemberton. These chalet homes varying in size, age and price considerably and there are various restrictions as to size, ownership and rentals.
 
  A building or complex in which units of property, such as apartments, are owned by individuals and common parts of the property, such as the grounds and building structure, are owned jointly by the unit owners. Browse Phase 1 or Phase 2 properties. (more below on phases)
 
  A tract that may be owned, together with everything growing or constructed on it. Single plots of land are still available in and around Whistler.
 
  Private homes or chalets valued at over 1.5 million dollars CDN.
 

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What is a phase 1 covenant and what is a phase 2 covenant?

Many condominiums in Whistler (particularly those that offer rental management) have a covenant (restriction) on title which outlines the permitted amount of personal use available with ownership. A Phase 1 property allows the owner unlimited use of the property, however, when not being used personally, the condominium must or can be made available for rental through a recognized rental management company(the requirement to rent varies from property to property, check with your realtor® for the exact situation). A Phase 2 property limits the amount of personal usage to 56 days a year (28 days winter and 28 days summer). The balance of the time the property must be rented through the building’s rental manager. Booking procedures are standardized through a sophisticated management agreement. Although this may seem restrictive, typically personal usage of a condominium in Whistler is less than 21 days a year.

Whistler Real Estate