Owning a Condo can be great, but before you invest, make sure to do your due diligence! The following are a few of the many things to look for before signing that contract:

  • The Condo Board Meeting Minutes– find out what has come up at past meetings;
  • The Condo Reserve Funds– check the financial status of the Condo Association/Corporation;
  • Check the Bylaws- g. is the size of your pet going to be an issue;
  • The Estoppel Certificate- to find out what the current condo fees and payment schedule are and whether there are any special levies is;
  • The Condo Association’s Budget and Financial Statements– find out what the Condo Association/Corporation is spending their budget on.

If after reviewing the above and any other documents and you have concerns or don’t understand, ASK QUESTIONS!