What We Check: Our 16-Section Analysis

Every condo document review follows our systematic 16-section methodology, developed from experience reviewing thousands of documents across Canada.

Last updated: March 2026

1. Financial Health

We assess the overall financial position of the condo corporation by analyzing revenue, expenses, and trends over multiple fiscal years.

Operating budget balance
Fee increase history
Year-over-year expense trends
Revenue adequacy

2. Reserve Fund

We evaluate whether the reserve fund is adequately funded to cover future capital repairs and replacements without special assessments.

Funded ratio (current balance vs. recommended)
Contribution adequacy
Reserve fund study compliance
Capital expenditure timeline

3. Insurance Coverage

We review the corporation's master insurance policy for adequate coverage, appropriate deductibles, and potential gaps.

Replacement cost coverage
Deductible amounts
Liability coverage
Coverage exclusions

4. Special Assessments

We identify any past, current, or planned special assessments and evaluate their impact on current and future owners.

Historical assessments (last 5 years)
Pending assessments
Assessment amounts per unit
Payment schedules

5. Board & Governance

We review board meeting minutes, AGM records, and governance practices to assess the quality of condo corporation management.

Quorum achievement
Director turnover
Decision-making patterns
Owner engagement

6. Legal Compliance

We verify the corporation's compliance with provincial legislation and identify any regulatory issues or disputes.

Provincial act compliance
Filing requirements
Regulatory disputes
CAO filings (Ontario)

7. Bylaws & Rules

We review all bylaws and rules to identify restrictions that could affect your use and enjoyment of the property.

Modification restrictions
Noise and nuisance rules
Common area usage
Enforcement history

8. Maintenance Plans

We assess the corporation's maintenance history and future planning to identify deferred maintenance or upcoming major projects.

Preventive maintenance schedules
Deferred maintenance items
Contractor relationships
Service contracts

9. Building Condition

We review available condition reports and engineering assessments to understand the physical state of the building.

Structural integrity reports
Building envelope condition
Mechanical systems status
Elevator reports

10. Common Elements

We evaluate the condition and management of common areas including amenities, landscaping, and shared infrastructure.

Amenity condition
Common area maintenance
Shared facility usage rules
Upcoming improvements

11. Unit Entitlement

We verify your unit's proportional share of common expenses and voting rights to ensure they are fair and accurately recorded.

Unit factor calculation
Proportional share fairness
Voting rights allocation
Expense responsibility

12. Rental Policies

We review rental restrictions that could affect your ability to rent the unit or impact the building's rental ratio.

Rental caps or prohibitions
Waiting lists
Short-term rental rules
Current rental ratio

13. Certificate Review

We analyze the disclosure certificate itself — Status Certificate (Ontario), Form B (BC), or Estoppel Certificate — for completeness and accuracy.

Certificate completeness
Disclosure accuracy
Outstanding obligations
Compliance declarations

14. Pet Policies

We review pet-related bylaws including restrictions on types, sizes, and numbers of pets allowed.

Pet type restrictions
Size and breed limits
Number of pets allowed
Registration requirements

15. Red Flag Summary

We compile all identified issues into a prioritized summary, categorized by severity with clear explanations and actionable recommendations.

Critical issues identification
Severity categorization
Actionable recommendations
Risk assessment

16. Parking & Storage

We verify your parking and storage allocation, ownership type, and any restrictions or additional costs.

Allocation verification
Ownership vs. license
Assignment restrictions
Additional fees