Selling a condo without a contingency fund study: what notaries and buyers now require

You're listing your condo and the notary asks for "the contingency fund study and the maintenance logbook." You're not sure they exist. Here's what you'll be asked for, why it matters to the buyer, and how to keep the sale from dragging or the price from being negotiated down.

What the law already requires at sale

At every unit sale, the syndicate must give the buyer an attestation describing the co-ownership's financial and material situation (CcQ 1068.2). That attestation naturally draws on data from the maintenance logbook and the most recent contingency fund study. In other words: even if "the study" isn't technically required for the sale, it's what makes the attestation credible — and its absence stands out.

What notaries, buyers and lenders ask for in 2026

Since the regulation took effect, the due diligence on a condo purchase has tightened. The parties now expect to see:

Document requested What the buyer is looking for
Contingency fund study Is the fund sufficient, or is a big special assessment looming?
Maintenance logbook Is the building maintained, or have repairs been deferred?
Syndicate attestation Are there arrears, disputes or unpaid contributions tied to the unit?
Contingency fund balance How much is actually in the bank versus what the study recommends?
Recent assembly minutes Have major works or contribution increases been voted?

What happens when the documents are missing

Missing a study and logbook doesn't make the sale impossible, but it weakens it in three ways:

The logbook and study are a selling point. A condo whose syndicate is compliant, with a well-planned contingency fund, reassures buyers and sells faster, often at a better price. Conversely, the absence of these documents is now a red flag for any informed buyer.

What to do if your syndicate has nothing?

If you're selling and the study and logbook don't exist yet, two things are worth doing quickly. First, push the board to commission the package — it's a syndicate obligation anyway, and the 2028 deadline is approaching. Second, if your sale is imminent, a rush service can deliver the documents in under two weeks, just in time for closing. That's often cheaper than the price cut a buyer would demand in their absence.

A sale on the horizon? Act fast

CoPro16 produces the study and logbook for small co-ownerships in 2 to 6 weeks, from $1,900, signed by an OIQ-member engineer. Rush service in under 2 weeks (+$750) when a sale depends on it.

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