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.