Thinking of Buying or Selling a Condo?

I can help! I’m a Certified Condo Specialist CCS® and whether buying or selling, I can take the guess work out of condos. There’s so much to know and I will be there every step of the way. Here are some of the documents that will be important for your condo purchase or sale.

• a copy of the registered condominium plan

• a copy of the current bylaws of the corporation

• a copy of the most recent financial statements of the corporation, including the most recent year-end and month-end statements

• a copy of the current budget of the corporation

• a statement setting out the amount of the monthly contribution (condominium fee) and the basis on which that amount was determined

• a copy of the most recent available minutes of the Annual General Meeting

• a copy of the minutes of meetings of the Board of Directors of the corporation for the past 12 months

• a copy of the current insurance certificate

• a copy of any lease agreement or exclusive use agreement with respect to the possession of a portion of the common property, including a parking stall or storage space

• the particulars, of, or a copy of, any subsisting management agreement

• the amount of any homeowner association fee

• a statement setting out structural deficiencies that the corporation has knowledge of, at the time of the request, in any of the buildings that are included in the condominium plan

• a statement setting out (i) the amount of the capital replacement reserve fund, (ii) a copy of the most recent reserve fund report and (iii) a copy of the most recent reserve fund plan

• the particulars of any post tensioned cables located anywhere on or within the Property

• a statement setting out the amount of any contributions due and payable in respect of a unit

• the particulars of any action commenced against the corporation and served on the corporation

• the particulars of any unsatisfied judgment or order for which the corporation is liable

• the particulars of any written demand made on the corporation for an amount in excess of $5,000 that, if not met, may result in an action being brought against the corporation.

Don’t know where to find these documents? Don’t worry! All you need is Lav.