September 5th, 2010  
   
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Paul Graham
Broker of Record

Buyers Realty Inc.,
#113-3050 Orleans Rd., Mississauga, ON
L5L 5P7

Direct: 905-607-4400

E-mail:
paul@buyerscall.com
Condo Documents Checklist


 
1/ Are all the necessary documents included in the package ( Cover Letter, Status Certificate, Declaration and Description By-Laws, Budget, Insurance Certificate ) ?
 
2/ Does the Legal Description agree with the Listing and the Agreement?
 
3/ Is the person who is selling us the property the registered owner?
 
4/ Are the Condo Fees as described in the Listing and do they include the items described?
 
5/ Are there any additional fees that we were not made aware of?
 
6/ Are there any 'special assessments' (lump-sum charges to each owner for necessary common element repairs not covered by the budget) announced or planned?
 
7/ Is the current owner up-to-date on their fee payments?
 
8/ Is the necessary Insurance current and adequate?
 
9/ Does the 'Reserve Fund' appear adequate?
 
10/ Any Major Changes Planned?
 
10/ Are there any restrictions on Pets?
 
11/ Is there anything else in the By-Laws / Rules and Regulations that is concerning?
 
12/ How many of the units are rented out rather than owner occupied?
 
13/ Are there any judgments or lawsuits against the Condo Corp and if so what is the status and outlook on them?
 
14/ Does the package include the necessary info to arrange ongoing payment of Condo Fees?

Checklist of Condo Documents.


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