A condominium document review is an important step in the process of buying a condominium. It is a detailed analysis of the condominium’s governing documents, which can include the declaration, bylaws, articles of incorporation, and rules and regulations. The purpose of the review is to identify any potential problems or risks associated with owning the condominium, such as special assessments, reserve fund deficiencies, or restrictions on use.

CondoDR will look for the following:

The condominium’s financial health, including the amount of reserves and the history of special assessments.
The condominium’s governing structure, including the rights and responsibilities of unit owners and the board of directors.
Any restrictions on use, such as pet restrictions or parking limitations.
Any potential conflicts between the condominium’s governing documents and provincial and municipal laws.
The results of the condominium document review can help you make an informed decision about whether to purchase the condominium.