This is where it is important to have your agent write: <\/strong> The buyer has a time period to receive and review these<\/p>\n documents. If the buyer is not satisfied upon examining the documents and wishes to withdraw the promise to purchase, he notifies the Seller in writing within seven days of receiving the documents and the promise to purchase becomes null and void.<\/p>\n There are many things to consider, and this is just food for thought:<\/strong><\/p>\n Just remember that all buildings whether it be a house or condo, will be needing maintenance every year. It\u2019s the big jobs you are looking out for. For example: roof, re-pointing the bricks, re-modeling the entrance, new heating system, foundation work, windows, balconies, etc\u2026<\/p>\n For more information on condos in Quebec, you can visit: Condo Legal<\/u><\/a><\/p>\n <\/a><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" There is more involved then just buying a house. With a condo you are also buying into the management company and how it\u2019s run, other owners, a condo fee increase,a reserve fund and potential immediate maintenance expenses, so there are some things you need to know before buying. All offers can be conditional upon reviewing […]<\/p>\n","protected":false},"author":2,"featured_media":3356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"There is more involved then just buying a house. With a condo you are also buying into the management company and how it\u2019s run, other owners, a condo fee increase,a reserve fund and potential immediate maintenance expenses, so there are some things you need to know before buying.\n\nAll offers can be conditional upon reviewing the condo documents. In our Annex B, part of the promise to purchase, there is a clause B2.5 that is meant just for condos. It is clearly written:\n\n\u201cREVIEW OF CO-OWNERSHIP DOCUMENTS <\/strong>This promise to purchase is conditional on the BUYER\u2019s examination of the declaration of co-ownership, including the regulation of the immovable and the following documents:\u201d\n\nThis is where it is important to have your agent write: <\/strong>\nThe budget, minutes of annual meeting, reserve fund, and financial statements. I also include: condo fees letter, insurance certificate, municipal and school taxes.\n\nThe buyer has a time period to receive and review these\n\n
The budget, minutes of annual meeting, reserve fund, and financial statements. I also include: condo fees letter, insurance certificate, municipal and school taxes.<\/p>\n\n
![\"pic](\"http:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2010\/03\/pic-for-March2.10-Buying-a-Condo.jpg\" "\\"pic")
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