Episode notes
In this episode of The Lawyo Podcast, we dive into a crucial resource for anyone considering buying a condo in Alberta. We break down key insights from a booklet published by the Legal Resource Centre of Alberta, which helps potential buyers assess the financial health of a condominium corporation before making a purchase.
We discuss the importance of reviewing essential financial documents—reserve fund reports, annual reports, operating budgets, financial statements, and estoppel certificates—and highlight potential red flags such as underfunded reserve funds, unexpected repairs, or financial mismanagement. You'll also learn where to obtain these documents, the fees involved, and why consulting legal and financial professionals is key to making an informed decision.
If you're thinking about buying a condo, this episode will ...
Keywords
condoalbertareal estate