Condo Docs / “Strata” Guide (Calgary & Surrounding Areas)

Many people call it “strata,” but in Alberta you’ll usually hear condo corporation. Either way, the idea is the same: you’re buying into a building/community with shared rules, shared costs, and shared responsibility.

Want my Condo Docs Checklist?
Email info@abrealestate.ca or call/text 403-970-5607 and I’ll send it to you.

What to Review Before Buying a Condo

• Bylaws & rules: pets, rentals, short-term rentals, renovations, move-in/out rules
• Condo fees: what’s included, what’s not, and how fees compare to similar buildings
• Reserve fund / reserve study: future repairs and whether funding looks adequate
• Financial statements & budget: overall health, arrears, and spending patterns
• Meeting minutes: recurring issues (leaks, envelope, elevators, parkade, disputes)
• Insurance: building coverage + deductible amounts and owner responsibilities
• Special assessments: history and risk of upcoming assessments

Condo Fees: What You Should Ask

• What utilities are included (heat, water, electricity)?
• Do fees include parking/storage or are those extra?
• Are there amenities that increase operating costs (gym, concierge, elevators)?
• Have fees risen quickly in the last few years?
• Is the reserve fund appropriate for the building’s age and systems?

Insurance & Deductibles (Often Overlooked)

Condo corporations can have large deductibles (especially for water-related claims). You’ll want to understand:

• Deductible amounts and the most common claim types
• When unit owners may be responsible for deductible costs
• What your personal condo policy should cover

Always confirm insurance details with your insurer and legal professional.

Red Flags (What I Watch For)

• Low reserve fund or reserve study showing major shortfalls
• Repeated mentions of water leaks, envelope issues, or structural concerns
• Frequent disputes/litigation or poor communication in minutes
• High arrears (many owners behind on fees)
• Special assessments that keep happening

Book a Free Condo Buyer Consult

If you’re looking at condos, I can help you compare buildings, interpret documents, and plan an offer strategy that protects you. Free consult, no pressure.

Call/Text: 403-970-5607
Email: info@abrealestate.ca

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AJ Arora, REALTOR®
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