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Frequently asked questions > Co-ownership/Condominium > Purchase of co-ownership > Within the framework of an inspection of the building, what are the elements to be inspected and evaluated?

Within the framework of an inspection of the building, what are the elements to be inspected and evaluated?

It should include an inspection of the whole building, that is to say the common portions and the private portions. The specialist whose services will have been retained will inspect the co-ownership and evaluate the cost of the works during the forthcoming years (roof, fenestration, elevators, concrete slab of underground parking, etc.). If the cost of the works to be made during the years to come exceeds the amounts which are, or will be, in the contingency fund, the prospective purchaser should reconsider the interest of his offer to purchase or decrease the value of this offer to purchase. The relevance of such an inspection obviously increases with the age of the building because, in this case, substantial works could be necessary in the months following the purchase of the condo, to the great displeasure of the new co-owner.

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The evaluation should also include an examination of the maintenance policies of the divided co-ownership as well as the maintenance log of the building. Both elements will allow the purchaser to judge the seriousness of the syndicate of co-owners in comparison to the preservation program of the co-ownership.

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