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. The majority of declarations of co-ownership detail the items it contains. This register is the memory of the syndicate, and consequently, its archives. In is thus invaluable. Much more than a witness to the sound management of an immovable, it is its prime instrument. Therefore, preservation and access are the hallmarks of this register.