CONDO STATUS CERTIFICATE REVIEW
Condo Status Certificate Review
A status certificate package can provide important information about the condominium corporation and unit.
Review the supporting materials
Provide the full package, not only the certificate. The documents may address finances, insurance, common expenses, rules, and other matters relevant to your purchase.
Understand issues before the deadline
Tell us about your condition deadline and intended use of the unit. We explain legal concerns identified within the scope of the review.
Financial information in the package
The status certificate and supporting records provide information about the corporation and unit. Review can address common expenses, arrears, reserve-fund information, disclosed assessments, and identified proceedings.
Understand the limits of the records
Documents describe the information supplied at a particular point in time. Legal review does not forecast all future repairs or replace an accounting or engineering investigation.
Rules, insurance, and your intended use
The declaration, by-laws, and rules can affect occupation, rentals, pets, alterations, parking, and shared facilities. Insurance documentation can also raise questions for the buyer’s own provider.
Explain what matters to you
Tell us about your plans before review. A restriction that is acceptable to one buyer may conflict with another buyer’s intended use of the unit.
Review findings before the condition expires
Send the entire package, sale agreement, and condition deadline. We explain the legal findings within the retainer and identify questions or missing records requiring follow-up.
A decision based on the actual documents
Discuss concerns before delivering a waiver or other notice. Where further financial, technical, or insurance advice is appropriate, allow time to obtain it.
Send the complete certificate package
A missing attachment can prevent a complete assessment of the records. Provide the package together and identify the deadline for your decision. We explain legal findings and any questions requiring follow-up, including when technical, financial, or insurance advice may be appropriate.
Documents to prepare
- Status certificate and all listed attachments
- Purchase agreement and review-condition wording
- Your intended use and specific concerns
- Any later corporation notice received
Let’s discuss your next step
Contact Maki Law for practical guidance on your property transaction or construction matter.
416-991-4775 · contact@maki.law
136A Avenue Rd, Toronto, Ontario M5R 2H6
MAKI LAW
Address
136A Avenue Rd
Toronto, Ontario M5R 2H6
Contact
416-991-4775
Fax: 416-981-3420
contact@maki.law
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General information only. Contact our office for advice about your circumstances.