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ARTICLE · 04 DECEMBER 2014

Monthy Tips - December 2014

Miller Thomson
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Keeping a condominium corporation’s status certificate up to date is not always an easy task.

CanadaReal Estate and Construction
Miller Thomson LLP
Miller Thomson LLP
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Status Certificate Review: Keeping a condominium corporation's status certificate up to date is not always an easy task. The irony is that the condominiums that often require more constant updating of their status certificates, whether because of litigation, major repair projects, or other matters, are often the ones that have the most outdated certificates. Condominium corporations are required to keep their status certificates current and the information contained therein should reflect the status of the corporation as of the date that it is issued. We recommend that management and the board of directors review the condominium's status certificate on a monthly basis to determine if any new items should be disclosed and/or whether any outdated matters should be deleted from the status certificate. It may also be wise to arrange for a semi-annual review of the status certificate by the condominium corporation's solicitor. Treating the status certificate as a living tree

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