10/09/2026
Have you found the perfect apartment? Wait before signing ⚠️
The listed price is only part of the equation.
In a condominium, certain expenses can quickly turn a “good deal” into an investment that’s much less profitable than expected: central heating, elevator, building maintenance, upcoming repairs, unpaid bills…
👉 Before signing your preliminary purchase agreement, take the time to analyze the financial health of the condominium association.
Here are the documents we recommend you request:
1️⃣ The maintenance log
This lets you know what work has already been done on the building and helps you identify equipment that may require significant expenses.
2️⃣ The DTG (Comprehensive Technical Assessment)
A valuable document that provides a comprehensive overview of the building’s condition and any work that may be needed in the future.
3️⃣ The most recent service charge statements
These allow you to determine the actual cost of owning a unit in the condominium and to spot any increases or irregularities.
4️⃣ The Multi-Year Work Plan (PPT)
It provides insight into the work planned for the coming years and the expenses that may result.
5️⃣ The most recent notice of the general meeting
This is something you should definitely not overlook. In particular, you’ll be able to review the projected expenses, the condominium’s contracts, any outstanding payments, accounts payable, and the various items up for a vote.
6️⃣ The most recent minutes of the general meeting
These provide a record of the condominium’s history: approved or rejected renovation projects, disputes, recurring issues, postponed decisions, and more.
So, the right approach isn’t just to analyze the property you’re buying.
It’s also to analyze the building in which you’re buying it.
Save this post for your next real estate purchase 📌
