Before buying a condominium unit, it is important to collect and review documents. You should get the help of experts like lawyers, real estate agents, and document reviewers when reviewing documents. They can help you determine if a condominium will exceed your expectations or cause you endless headaches.
Below are documents you should collect and review before you buy. Depending on whether you are interested in a new/conversion development or resale property, what you review may be different. The lists below are not exhaustive. So you should always consult your lawyer or real estate agent to make sure that you have all the necessary documents to make an informed decision.
When you buy a new condominium, the developer has a duty to deal fairly with you when entering into, performing, and enforcing the purchase agreement.
What information the developer must provide
A developer must provide the following documents:
- Purchase Agreement
- Condominium Plan (or proposed condominium plan), including any Condominium Additional Plan Sheets (CAD)
- Bylaws (or proposed bylaws)
- Management Agreement (or proposed management agreement)
- Recreational Agreement (or proposed recreational agreement)
- Lease of the parcel of land, if the unit is located on leased land
- Mortgage, if it affects or will affect the title to the unit
- Phased Development Disclosure Statement (if the development is multi-staged and developer is using a phased development model)
- Mortgage or claim/liability (also known as a “financial encumbrance”) registered against the corporation’s real property
- Home warranty insurance contract
- Statement of a fixed date range or range of dates by which you can start occupying the unit (also known as an occupancy date statement)
- The corporation’s most recent budget (or proposed budget)
- Occupancy permit or written permission from a municipal authority
- Additional information and documents as required by the Condominium Property Regulation, such as:
- Developer’s name and address
- Name and address of the lawyer responsible for holding deposits
- Floor plan including materials to be used to finish the unit (if the development is not substantially complete)
- A list of fees, rents or other charges that the corporation must pay to the developer or a third party for the use of units or property
- The amount of occupancy fees and description of any other fees, if any
Phased developments and bare land units
Section 20.01(1) of the Condominium Property Regulation outlines additional information and documents that the developer must provide to a purchaser in particular situations (e.g., phased developments, bare land units, etc.). Refer to the Regulation for more specific information.
What information the developer must provide
In addition to all the documents for a new development (listed above), the following documents must also be provided for conversion developments:
- Summary of deficiencies
- Date of original construction of the building
- Description of all previous uses of the building
- Alberta Building Code applicable at the time of the building construction
- Dates when any physical modification (other than to address normal wear and tear) was started and completed
- Copy of the reserve fund report
- Copy of the building assessment report (BAR) or converted property study (CPR)
- Description of any major retrofits to a building in the conversion prior to conversion
Within 10 days of receiving a summary of deficiencies, you can request in writing from the developer a copy of the building assessment report. After receiving the request, a developer has 10 days to provide you a copy of the report.
When you purchase a resale or previously owned condominium unit, the seller is under no legal obligation to provide you with documentation about the complex. However, under the Condominium Property Act, a condominium corporation must provide certain documents within 10 days of receiving a written request from a potential buyer.
A condominium corporation can charge fees for document requests. For more information on document requests and fees, go to our Information and Document Requests page.
Finance & Operations
- Reserve Fund Report & Plan
- Budget & Financial Statements
- Annual Report
- Estoppel Certificate (details about condominium contributions)
- Statement outlining unit factors and criteria used to determine unit factors (information also included on Condominium Plan)
- Minutes of the general meetings of the condo board
- Contact information for Condominium Board of Directors – request from Condominium Corporation, also available on CAD
For a complete overview of what you need to know about condo finances before you buy, download our free publication: Before You Buy: Understanding Condo Finances.
Bylaws, Rules and Agreements
The 10 day timeline does not apply to these documents but they should still be requested and reviewed. Talk to your lawyer or real estate agent about obtaining these documents.
- Condominium Plan, including any Condominium Additional Plan Sheets (CAD) – can be requested from Land Titles Office or Registry Agent)
- Certificate of Title – can be requested from Land Titles Office or Registry Agent
- Condominium Newsletters – request from Condominium Corporation
- Any notifications of insurance coverage changes from the condo corporation
- Real Property Report (for bare land units only) – request from seller
- Centre for Public Legal Education Alberta
Buying a Resale Condo: Document Checklist (PDF, Alberta-specific information)
Before You Buy: Understanding Condo Finances (PDF, Alberta-specific information)
- Canada Mortgage and Housing Corporation
Checklist for Buying a New Condo (not Alberta-specific)
Checklist for Buying a Resale Condo (not Alberta-specific)
Physical Evaluation Checklist (not Alberta-specific)
Last updated: June 2022