Checklists available for all condo types.

Condominium Corp. Documents Essential to Your Review

The following list of Condominium Corporation documents are essential to a full and comprehensive review, as they illustrate the relationship between financial and physical aspects (or 'health' ) of the Corporation and you as a potential investor. This relationship is important to a purchaser both now and in future. Below is the checklist for 'resale' units, from the current AREA purchase contract.
 
They are:

(1) a statement setting out the amount of any contributions due and payable in respect of the unit
(2) the particulars of:
i. any action commenced against the corporation and served on the corporation
ii. any unsatisfied judgment or order for which the corporation is liable
iii. 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
(3) the particulars of, or a copy of, any subsisting management agreement
(4) the particulars of, or a copy of, any subsisting recreational agreement
(5) the particulars of any post tensioned cables located anywhere on or within the property that is included in the
condominium plan
(6) a copy of the budget of the corporation
(7) a copy of the most recent financial statements, if any, of the corporation, including the most recent year-end and
month-end statements
(8) a copy of the bylaws of the corporation
(9) a copy of the most recent approved and most recent draft minutes of the annual general meeting
(10) a copy of the minutes and draft minutes of meetings of the board of directors of the corporation for not less than the
past 12 months
(11) a statement setting out the amount of the capital replacement reserve fund
(12) a copy of the reserve fund report
(13) a copy of the reserve fund plan
(14) a statement setting out the amount of the monthly contribution (commonly referred to as condominium fee) and the
basis on which that amount was determined
(15) a statement setting out any 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
(16) 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
(17) a copy of the registered condominium plan
(18) a copy of the condominium additional plan sheet certificate (CADS)
(19) a copy of the insurance certificate

(20) the amount of any homeowner association fee
(21) a copy of any proposed special resolution awaiting a vote
(22) a copy of any special resolution that has been passed but not yet implemented
(23) a copy of any easement, covenants and restrictions (ECR) agreement
(24) a copy of any other building or site report such as a building assessment report, building envelope report, geotechnical report, technical audit, performance audit

Documents must be provided to us in electronic format. Once received, we will immediately begin an inventory and write both REALTOR® and buyer with any further requests for information we may have, guided by the purchase contract and in the spirit of our current Condominium Property Act. The disclosure documents for bare land, phased developments, new construction and conversions may differ somewhat from the list above.