What are status certificates?
Status certificates are important documents containing key information about a re-sale condo unit and its corporation that help buyers make informed decisions. Buyers should review these with their legal counsel. Anyone can request a status certificate and corporations can charge up to $100, including taxes and materials, to provide them within 10 days.
What can I do if my condo corporation has charged me more than $100 for a status certificate?
Condo corporations sometimes provide status certificates faster than 10 days and charge rush fees for this service. Your corporation must, by law, provide a $100 option for you to get your certificate within 10 days.