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Condominium Documents


The following documents are required by the Buyer within a specified period of time after an offer is made. It is the responsibility of the Seller to supply them in time for the Buyer to review and approve them in time to remove this condition of sale.
  1. Copy of registered condominium plan
  2. Copy of the Condominium Corporation's current bylaws
  3. Copy of the Condominium Corporation's current financial statement, most recent annual financial statement and annual report
  4. Copy of current annual budget and
  5. A Statement setting out the amount of the monthly contributions (condo fees) and the basis on which that was determined
  6. Copy of the minutes of the most recent general meeting of the Condominium Corporation
  7. Condominium board of directors minutes for the past 12 months
  8. Copy of any special resolution being circulated
  9. Copy of the insurance certificate
  10. 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 unit
  11. Copy of any management agreement
  12. Copy of any recreational agreement
  13. Details of any structural deficiencies in the condominium complex
  14. A statement setting out the amount of the capital reserve fund
  15. Copy of the reserve fund study
  16. Copy of the reserve fund report
  17. Copy of the reserve fund plan
  18. The particulars of any post tension cables that are located anywhere on or within the Property that is included in the condominium plan
  19. Percentage of owner occupancy in the complex
  20. Details of any contributions due and payable in respect of a unit
  21. Details of any contributions already levied but which will only become effective after the Completion Day
  22. Details of any actions commenced against the Corporation
  23. Details of any unsatisfied judgment or outstanding court order against the Corporation
  24. Details of any written demand upon the Corporation for payment of an amount in excess of $5,000.
  25. Any other relevant details

 


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