Need to locate the information you need to accurately list a condo? Here’s a breakdown of different documents and what they each bring to the table.

CAD Sheet

What it is:

A Condominium Additional Plan Sheet, known as a CAD Sheet, contains references to documents registered against and affecting the condominium corporation. The CAD sheet is different from a title because it refers to the condominium corporation, while the title refers to the individually owned unit.

Why you need it:

The CAD sheet contains important information that agents are required to know prior to listing the condominium, such as:

• Condominium Management Company.
• Registered current bylaws.
• Legal burdens, such as builder’s liens and writs of enforcement against the corporation.
• Restrictive Covenants and Party Wall Agreements.

Condominium Plan

What it is:

The Condominium Plan is a registered plan that visually represents the condo complex, including individual units and common areas. These are also known as Survey Plans.

Why you need it:

Condo Plans include:

• Registered size and what that size includes.
• Boundaries of the condo units and common areas.
• Information to determine if it’s a conventional or bareland condo.
• Number of units, including living units, storage and parking.

Condo Documents

What they are:

Condominium documents contain detailed information that’s required for entry in the MLS^® System and listing contracts.

Why you need them:

Condo documents contain important information including:

• Condo fees and what they include.
• Special assessments.
• Budgets, financial statements and reserve fund information.
• Insurance information.
• Post Tension Cable study.

Want more information on condos? Sign up for our Condo Basics course or become a Certified Condominium Specialist. Visit CREB^®Link for upcoming courses dates.