Updated Monday, October 31, 2011 ::
If you are considering purchasing a condominium, you will no doubt have heard about status certificates. These are documents which are provided by the condominium corporation you are buying into, which outline a number of things about the condo and the building. Ontario law dictates fairly strictly what needs to be included in the package of information that accompanies the certificate. The purpose of this is to allow you and your lawyer some time to have a look at the operations of the condo corp, the financials, the specific condo unit and any issues pertaining to unpaid condo fees, damages, etc. It will also disclose whether the unit you are thinking about buying has a locker or parking space and it will disclose how the condo fees are arrived at for your unit.
Comments ( 2 )
Cayden posted the following response Tuesday, December 13, 2011
Time to face the music armed with this great informtaoin.
Elora posted the following response Tuesday, December 13, 2011
I had no idea how to approach this brfeoe-now I'm locked and loaded.
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