A status certificate, also known as an estoppel certificate, outlines a condominium corporation’s financial and legal status. This document provides essential information about the condo’s financial health, reserve funds, bylaws, rules, and any pending legal actions. It helps potential buyers make informed decisions by offering a comprehensive view of the condominium’s current state and any potential liabilities or obligations.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

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