FREQUENTLY ASKED QUESTIONS
We review condominium documents and create a summary report of the documents. We are looking for any risk within those documents for your purchase. Once the summary is completed we offer a consultation by telephone that takes approximately 30 minutes to go through the summary report with you, so you have a clear understanding of the documents and how they relate to your purchase.
What does Condo Doc Review Ltd. do?
We provide:
A written summary report of your provided condominium documents
30-minute consultation by telephone about the findings in the documents and how they relate to your purchase
An outline of potential of questions that may arise during the review process that we recommend to be verified by property management (if applicable)
If you purchase the property, we also offer additional complimentary support for as long as you own the property. Should anything come up regarding notices, assessments, etc., you may contact our team via email to discuss.
What do you provide as a service?
How long does the review take?
We work to get the review completed as soon as possible (we know you're excited to get info on your new home or investment). We work to complete the review summary within 3-5 business days..
However, this process can often be delayed if we are waiting to receive documents. We ask that you provide all required documents as soon as you can in order for us to complete your summary in a timely manner.
In special circumstances, we do offer a rush service, for turnaround in 1 or 2 business days. Please note, this service is based on capacity and availability, so please contact our team as soon as possible with your request.
Note: The Condominium Property Act of Alberta allows a 10-day period to provide information upon request. It is useful to have condition dates that allow time for the receipt of documents and their review.
The cost of our service is $429.00 + GST. You can find a detailed outline of our costs here.
Payment must be received before the review process can begin.
We take payment via e-transfer.
What does the review cost?
Where can I get all the documents I need?
All the required documents are listed under section 8.2a of the AREA (Alberta Real Estate Association) “Offer to Purchase”, with additions to the regulations in 2020 and registered documents as recommended by AREA.
If you are working with a realtor, they can assist you in obtaining all documents from the seller and the property management company.
If you are not working with a realtor, you will need to request these documents from the property management company, which will typically incur a cost to request.
Please note that it can take some time to receive the required documents from the property management company, so we strongly recommend you obtain these documents first before engaging with our services.