Condo Purchase Lawyers in Edmonton

Verdicta LLP's condo lawyers in Edmonton review condominium documents and handle condo purchases and sales across the Edmonton region, under Alberta's Condominium Property Act.

What we review

• Bylaws & rules
• Financial statements & budget
• Reserve fund study & plan
• Estoppel certificate
• Special assessments
• Parking & storage titles

What to look for in condo documents

• Bylaws and rules — restrictions on pets, rentals, renovations and use.
• Financial statements and budget — whether the corporation is financially healthy and fees are realistic.
• Reserve fund study and plan — whether there's enough set aside for major repairs like roofs, windows and parkades.
• Minutes — upcoming repairs, disputes, insurance claims or planned special assessments.
• Insurance — what the corporation's policy covers and what you need to insure yourself.

The estoppel certificate

An estoppel certificate from the condo corporation confirms the unit's monthly fees, whether any fees are owing, and any special assessments or legal actions. We review it before closing so you don't inherit someone else's arrears.

Special assessments

If the reserve fund is short, owners can be charged a special assessment — sometimes thousands of dollars. Reviewing minutes and the reserve fund plan helps you spot one coming.

Parking and storage

Parking stalls and storage units may be separately titled, part of the common property, or assigned by the board. We confirm exactly what you're buying.

Fees

Condo purchases use the same fixed legal fees as other purchases. Condominium documents are ordered from the condo corporation or management company and the cost varies. See your full estimate in our closing cost estimator.