The Building Condition Report is a report based on a visual and tactile inspection of the building. This report ascertains the condition and physical quality of building assets and components at a specific point in time using photos and technical comments. This report contains cost estimates and an indication of the corrective measures to be taken in the short term, if necessary.

The building condition report informs the directors of the board of directors (and the manager) of the consequences and the nature of the deficiencies noted or observed, or even, on the need to carry out additional studies with an expert in the field. The building condition report is an essential prerequisite for creating a Reserve Fund Study and Maintenance Log and which, in turn, is required to maintain the building in good condition and to demonstrate sound management by the directors.