When buying or selling a condominium in Saskatchewan, one critical document you’ll encounter is Schedule C – Specified Terms and Conditions for the Contract of Purchase and Sale of a Resale Condominium Unit. This form, regulated by the Saskatchewan Real Estate Commission (SREC), is a mandatory attachment to all condo resale contracts. Its purpose is to protect buyers by ensuring they receive vital information about the condominium corporation before finalizing their purchase

Why Schedule C Matters

Condominium ownership comes with shared responsibilities for maintenance, insurance, and reserve funds. Buyers need clear insight into the financial and legal health of the condominium corporation. Schedule C provides this by requiring sellers to obtain and deliver an Estoppel Certificate along with several supporting documents.

What the Seller Must Provide

Under Schedule C, the seller—at their own expense—must supply:

• A current Estoppel Certificate issued by the condominium corporation.

• A reserve fund study, outlining long-term maintenance and repair planning.

• The corporation’s most recent financial statements.

• The current operating budget.

• Copies of the insurance policies protecting the property.

• The management agreement(s) if applicable.

• A copy of the condominium plan.

These documents allow the buyer (and their solicitor) to review the financial stability and governance of the condominium before committing.

Buyer’s Conditions and Protections

Once the buyer receives these documents, they have time to review them. If everything checks out, the buyer can remove this condition and move forward with the purchase. If not, the buyer may cancel the deal and have their deposit returned in full.

Key Takeaway

Schedule C ensures transparency in Saskatchewan’s condominium resale market. Buyers gain confidence by knowing exactly what they’re investing in, while sellers benefit from smoother, more trustworthy transactions.

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