When you purchase a condo you will receive a set of condo documents passed on from the seller. The condo document review company will organize them and put them in a binder for you to store along with the purchase documents from your lawyer and real estate agent. Years down the road when you want to sell, most likely, your condo documents to be passed onto the next owner, will be out of date. To provide a complete set of condo documents you’ll need to contact the management company for copies that are missing.
Now here’s the money grabber – depending on what you need to complete the set, it will cost you anywhere from a few dollars to a few hundred dollars. Yes, extremely inflated prices to have someone use the copying machine, and even more frustrating when the files are all sent digitally.