Find out what you’re buying before you sign.
Since 2017, Condo Doc Review has evolved to stay ahead of the curve. Our process now features an intuitive online platform that makes it easy to upload documents and access your personalized report, so you can close with confidence.
A QUICK NOTE
Experienced professionals are at the core of every review.
AI is an incredible tool and asset, and we use it as part of our process. However, in a world where AI is transforming industries, we recognize the importance of accuracy, expertise, and expert judgement. Our approach blends the efficiency of AI with the critical thinking and expertise of experienced professionals.
What’s inside your review
When you order a Condo Doc Review, you receive a risk assessment that evaluates the true condition and stability of the corporation behind your unit. Your unit is given a risk level (ranging from low to high) based on the corporation's financial health, building condition, legal exposure, insurance, and marketability.
Financial health
We assess whether the condo has enough money saved, how fees are used, and if future repairs are affordable, which helps you avoid surprise future costs.
Market price vs. rebuild value
A comparison of the unit’s listing price against its realistic rebuild cost, revealing whether it’s priced fairly or carries value risks.
Board governance
Highlights from recent meeting minutes showing how proactive the board is, how issues are handled, and overall operational health.
Legal matters & special assessments
A summary of all litigation, levies, and major upcoming costs so you know exactly what financial obligations you’re inheriting.
Common property depreciation
A breakdown of the shared components and where they are in their lifecycle, which can affect your financial obligations and potential resale value.
Insurance coverage
A clear summary of the building’s insurance limits, deductibles, and coverage strength, helping you understand how protected the property is in case of major damage.
Obtaining the required documents
BEFORE YOU BEGIN
The condo/strata documents for your property can be obtained by your realtor (or by yourself, if you’re not going through a realtor), through the property management company in charge of the building. Please note that it can take up to 10 days to receive these documents from the property management company. If you don’t have all of the documents, no worries! Get started with what you have, and you can upload any additional documents as you acquire them.
Please be aware of your property management office and their hours of operation (including stat and public holidays), as this can affect your ability to obtain documents.
Not sure which documents you need?
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UPLOAD REQUIRED DOCUMENTS
We’ve made the condo document review process extremely simple - create an account on our online platform, upload the required documents, and select & pay for your package. Don’t have all of the documents yet? That’s okay! Upload what you have, and add the rest later.
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EXPERTS TAKE IT FROM HERE
This is the part where you hold tight. Our expert document review team, combined with AI, is hard at work analyzing every detail of the documents you’ve submitted. While AI helps streamline the process, every report undergoes a thorough review by our incredible team of experienced professionals. You can even track the progress in your portal as we work!
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YOUR REVIEW IS READY!
We give your report a final review before sending you an email that it’s done! Simply login to your account using your email and password, and view it on either mobile or desktop. Your review reveals the corporation’s financials, bylaws, minutes, risks, and more - designed to highlight key details, summarize important information, and make clear any red flags.
FREQUENTLY ASKED QUESTIONS
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We take the documents that you upload through our online portal and create a summary report of the documents. It’s modern, easy to read, and viewable online. Our main goal is to find any red flags in the documents that make this property a risk, and bring them to your attention. We dissect meeting minutes, financials, bylaws, component depreciation, and more.
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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.
We recommend taking a look at our free document checklist, where we list the suggested documents for the most in depth, completed review. However, if you don’t have all of the documents, that’s okay! Get started today and upload what you do have - we’ll hang tight.
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.
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You get the exact same review, regardless of which package you choose. The only difference is the turnaround!
Standard (3-5 business days) is $399 + GST
Rush (2 business days) is $499 + GST
Same Day is $599 + GST.
You can find a detailed outline of our costs here.
Create an account by registering here. Please note that Same Day and Rush services are dependent on capacity, availability, and if you’ve uploaded all of the required documents (some are essential to complete your review). We will reach out asap if you’re missing anything.
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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.
You can also download our Free Document Checklist!