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Performance Audits Blog

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A Performance Audit ….

The Condominium Act of Ontario requires that a Performance Audit (PAR) of the common elements must be conducted between six and ten months following registration of the condominium.
The performance audit is required to be completed by a qualified professional typically a Professional Engineer who is retained by the Condominium Corporation.  The PAR must include any deficiencies in the common elements or, damage caused to unit(s) by a common element deficiency . If a defect is identified, it is reported in the Performance Audit.  The Condominium Corporation and/or its representative must submit the performance audit and the (PATS 49), along with the appropriate warranty form to Tarion to begin the warranty process.

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