Before you lift your conditions, know exactly which documents to request and which red flags to watch for. Free, Quebec-specific checklist, ready to print.
A beautiful unit in a poorly managed building is still a bad buy. Before you sign, you have the right to review the co-ownership documents — and this checklist tells you exactly what to ask for, in what order, and what should set off alarms.
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A unit can look immaculate while the co-ownership is in trouble. Conversely, an ordinary condo in a well-managed, well-funded building with no disputes is often a far better buy. The co-ownership documents — finances, reserve fund, meeting minutes, insurance — tell the story the showing does not.
The most telling item is the reserve fund and its study. An underfunded fund, or a missing or old study, often signals special assessments: thousands of dollars that can land after the purchase. Past and voted special assessments, lawsuits in progress, and insurance deductibles (especially for water damage) complete the picture.
The checklist keeps you from forgetting a key document under the pressure of an offer. It pairs naturally with a condo inspection, which documents the physical condition of the unit and accessible common areas. Documents + inspection: you decide with the full picture.
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