This document ensures that you know everything that there’s to know about your condo unit to avoid getting involved in legal issues later on. When issued a condo certificate, you should endeavor to go through the details with your lawyer. You will get a clearer understanding of what’s demanded of you and the condo corporation for peaceful.. This request is made directly to the condo corporation or its management company. The fee to obtain a status certificate varies, but is typically around a couple hundred dollars. Ontario law requires the condo corporation to provide the status certificate within 10 days of receiving the request, ensuring timely access to this critical information.
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![What Is A Status Certificate In Real Estate? [Condominiums]](https://pierrecarapetian.com/wp-content/uploads/2022/07/what-to-look-for-in-a-condo-status-certificate-617x1024.png "What Is A Status Certificate In Real Estate? [Condominiums]")
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A status certificate is a document provided by the condominium corporation to the buyers of condos that are up for reselling. As per Section 76 of the Ontario Condo Act, [ 1] this document provides essential information, such as the financial status of the unit, as well as the condominium corporation. The status certificate discloses to the.. Easily Order Documents and Certificates. It’s easy to order the documents and certificates you need. If the property is located within Ontario, please click here. To go to your order page, please fill out the form below with your property zip code, account number or the email associated with the account.
