ARTICLE · 03 OCTOBER 2025

Status Certificate And Why It Matters In Condo Purchases

Woitzik Polsinelli LLP

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A status certificate is a document issued by the Condominium corporation's management or board upon request by a prospective purchaser. It is an essential document...

CanadaReal Estate and Construction

Jonathan Dippolito

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What is a Status Certificate

A status certificate is a document issued by the Condominium corporation's management or board upon request by a prospective purchaser. It is an essential document in a condominium transaction because it provides a snapshot of the corporation's financial and legal status at purchase.

Pursuant to section 76 of the Condominium Act, 1998 S.O. 1998, c.19, a status certificate must include, among other things the current common expenses; any arrears or unpaid fees by the unit owner; details regarding ongoing or pending legal actions involving the condominium or its corporation; rules and restrictions regarding the unit; and the corporation's current financial statements.

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