Made accessible to the co-owners and their mandatories, the documents constituting the register of the co-ownership. These documents are listed in article 1070 of the Civil Code of Québec and their mode of consultation is generally established by the declaration of co-ownership.
Before purchasing a condo, you should gather any and all information available on the coveted co-ownership. This information should be as complete and thorough as possible. Obtaining a mandate from the co-owner/vendor, allows you to ask questions to the Board of Directors. You should then be able to obtain most of the documents containing the relevant information.
Amongst the many documents to review, the four hereunder are a must:
The law provides that a syndicate must keep a register at the disposal of the co-owners. In most cases the declarations of co-ownership list the items it contains. This register is the memory of the syndicate, and consequently, its archives. In is thus invaluable. Much more than a mere witness of the sound management of an immovable, it is its prime instrument. Therefore, preservation and access are the hallmarks of this register.