If you are buying a property under a condominium corporation, it is important to consult with a real estate lawyer to ensure a proper review of a status certificate is complete prior to firming your deal. A well-drafted agreement will ensure that an offer to purchase is conditional on the buyer’s review of a status certificate. A status certificate is a document that gives important details as to the status and financial health of a condominium corporation for both the specific unit and the condominium building in general. A status certificate will provide your real estate lawyer pertinent information that ...
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