FACT #1: When the current owner of a condominium home wants to
sell they will be required to provide documents to the prospective
buyer.
FACT #2: Many lawyers and lenders will not allow the sale to proceed
without the documents being provided being compliant with the
condominium legislation and the information contained in these
documents being current.
FACT #3: Many sales are lost due to condominium documents not
available in a timely manner to complete the sale.
FACT #4: Condominium legislation is different for the sale of a unit by
the developer to one sold by a current owner.
FACT #5: These facts apply to all condominiums from 2 unit style homes
to commercial bay condos, professional and self-managed. No condo is
excluded in today’s market conditions.
Source: Condo Check January 2016 Brochure
