In co-ownership, the deal hinges on the documents as much as on the unit itself. Before setting your price, measure the real value with a free estimate based on real sales in your building and area, then gather the file below so a promise to purchase does not stall.
📄 The documents to gather
The buyer and their notary expect a complete co-ownership file. Gathering it early, even before listing, avoids keeping an eager buyer waiting.
▸ Declaration of co-ownership and building bylaws
▸ Latest meeting minutes
▸ Statement of common expenses and budget
▸ Information on the contingency fund
▸ Maintenance logbook and fund study, where they exist
💰 Fees and special assessments
You must state, in good faith, the amount of common expenses, any special assessment voted or contemplated, and major work planned. Hiding a known special assessment is the worst choice: it can create liability after the sale. Here too, transparency protects both the buyer and you.
📊 What is your condo truly worth in your building? Free estimate in 2 minutes.
Estimate my property🏦 The contingency fund
A well-funded contingency fund reduces the risk of unexpected special assessments. The buyer and their lender look at its status and upcoming work. A well-managed building, backed by documents, sells more easily and often for more than an identical unit in an opaque co-ownership.
🗂️ Getting the syndicate's file
The documents are requested from the syndicate of co-owners or the manager. Some syndicates charge for producing a file or a certificate, and a delay is often needed. Ask early: it is the simplest way to avoid delaying the promise to purchase and the signing at the notary.
🎯 Prepare the sale
1. Request the file from the syndicate before listing
2. Check fees, special assessments and planned work
3. Present a clear, up-to-date contingency fund
4. Disclose everything in the seller's declaration
5. Highlight the good management of the co-ownership
Note: required documents and syndicate fees vary by co-ownership. Always confirm with your syndicate and a notary before selling.
A complete co-ownership file speeds up the sale
A broker gathers the documents, anticipates the notary's and lender's questions, and prices your condo right. Free estimate as a bonus.
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