I have made an offer on a condo and it's been accepted. I'm in the contingency period and now is my chance to investigate/negotiate anything that might be a problem down the road. Since I entered the market without a relater, I'd like general advice on what to watch out for in a condo situation, and have included more specific details and questions inside.

What are the documents I should ask for from Condo corporation?
Here is what I'm thinking, please let me know if I'm missing anything.

1) Certificate of insurance
2) Annual Budget
3) Reserve fund review
i) how much of monthly maintenance is going towards reserve funds? Ideally 20 to 25%
ii) long-term schedule for the reserve fund in the annual budget, including a projection of upcoming expenses for each common-area item: elevator repairs, painting, pool maintenance and so on
iii) the account should contain no less than 70% of the projected reserve budget
4) By-laws of the association
5) Rental policies if not included in bylaws


Does the status certificate/report provided by the condo corporation has all these details?

Many thanks!
-Desi

No one wants to share their experiences? too bad!