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Condo-Check (Required Documents)
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Resale Units
These documents are required for a condo-check document review. Most should be readily available from the Management Company or Board of Directors (if applicable, the Developer).
All documents need to be current or most recent.
- Operating Budget (current Year)
- Condominium Fee Schedule for current Operating Budget
- Audited (or non audited) Financial Statements to most recent year end
- Balance Sheet to the most recent month end, including the amount of dollars in reserve fund account
- Reserve Fund Study & Plan or letter indicating anticipated completion/availability date of the study and plan
- Minutes of the most recent Annual General Meeting of the owners
- Board of Directors Meeting Minutes (minimum of 4 meetings)
- By-Laws and any Amendments
- Insurance Certificate
- Management Contract
- Any Engineering Reports or Summaries; Recent Post Tension Cable Report/Mechanical Report/Roof Report
- Offer to Purchase/Sales Agreement & MLS Printout
- Restrictive Covenant (parking etc.)
- Newsletter/Complex Information
- Lease Agreement or License of Use Agreement (parking/storage)
New or Conversion Units
These documents are required for a condo-check document review. Most should be readily available from the Management Company or the Developer.
All documents need to be proposed or current where applicable.
- Offer to Purchase/Sales Agreement
- Proposed Condominium Fee Schedule for Proposed Operating Budget
- Reserve Fund Study & Reserve Fund Plan (Mandatory for Conversion Projects)
- Proposed Condominium Plan and any Re-Division Plan
- Proposed Site Plan/Landscaping Plan
- Proposed By-Laws
- Proposed Management Contract
- Specifications/Modifications/Extras
- Restrictive Covenant (parking, etc.)
- For a newly constructed complex: New Home Warranty Program Information
- For a newly constructed complex: Description or Drawings of the Landscaping/ Roadways/Retaining Walls
- Easements/Party Wall Agreement/Conveyancing Agreement
- Proposed Lease Agreement or License of Use Agreement (parking/storage)
- Phasing Agreement (when applicable)
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Thinking of buying or selling your condo?
Click on www.condo-check.com for all the most up-to date information.
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