Confirm the home and what is included
Inspect the suite or townhouse with attention to condition, alterations, moisture, mechanical systems and practical use. Confirm how parking, storage, patios and other areas are designated rather than relying on marketing language.
- Unit condition, layout and visible alterations
- Parking, storage and limited common property designation
- Appliances, heating, cooling and included items
- Noise, outlook, access and day-to-day livability
Read the strata’s records as a connected story
No single document answers every question. Read the current Form B, meeting minutes, budgets, financial statements, bylaws, rules, insurance information and depreciation planning together. Look for recurring issues, deferred decisions and projects that may not yet appear as a levy.
- Form B and available attachments
- Council and general-meeting minutes for the relevant period
- Operating budget, financial statements and contingency reserve fund
- Depreciation report and major repair planning
- Current or proposed special levies, litigation and claims
Test rules, insurance and financing early
Confirm that bylaws and rules fit your intended use, including pets, rentals, age restrictions where lawful, parking, renovations and move procedures. Ask an insurance professional about the unit policy, deductibles, exclusions and any building-specific concerns.
Provide the lender or mortgage professional with the property information they request before subject removal. Building condition, insurance or commercial components can affect financing even when the buyer is otherwise qualified.
Turn documents into decision questions
The objective is not simply to collect documents. Identify what could affect cost, use, financing, insurance or resale; decide which questions require written clarification; and determine whether the remaining uncertainty fits your plan.
- What major work is expected and how could it be funded?
- Which recurring issues remain unresolved?
- Do the bylaws support how I intend to use the home?
- Can I obtain satisfactory financing and insurance?
- What should a lawyer, inspector, lender or insurer review?