ONTARIO CONDO PURCHASES
Love the unit.
Understand the building.
A condo purchase includes an interest in a corporation, with shared costs and rules. We review the status certificate package so you can make a more informed decision.
Ask about a condo reviewTHE WORK BEHIND YOUR TRANSACTION
The documents can change the picture.
Your showing tells you about the space. The status certificate and supporting documents can tell you about common expenses, the corporation’s finances and restrictions affecting the property.
What is an Ontario condo status certificate review?
A status certificate review considers the condominium documents supplied, including financial information, common expenses and rules affecting the unit. Rindi Law explains the disclosed issues relevant to your purchase. Send your condition deadline at the outset so we can confirm availability.
What we consider
- The unit’s common expense position and disclosed arrears.
- Financial information, reserve fund materials and disclosed assessments.
- Disclosed litigation and insurance information.
- The declaration, bylaws and rules relevant to the review.
- Questions or missing information that need clarification.
Your condition deadline comes first
Send the agreement and the complete status certificate package, and tell us exactly when your condition expires. We confirm whether we can complete the review within the time available. Do not assume that a missing document extends the deadline.
Tell us how you plan to use the property
Pets, renting the unit, renovations and parking arrangements can all matter to a purchaser. Raise your plans and concerns at the start so we can consider the relevant documents.
Know the limits of a document review
A review is based on the information supplied. It is not a physical inspection or a guarantee that fees will remain unchanged. We explain the issues disclosed and recommend follow up where appropriate.
A LITTLE CLARITY
Before you
get started.
Can you review it before I sign an offer?
Contact us with the available documents and timing. We will confirm the scope, availability and fee.
Can you also handle the closing?
Yes, we can discuss the purchase closing as a separate or combined retainer, subject to confirming that we can act.
What does the review cost?
We confirm the review fee and scope before proceeding.
YOUR NEXT STEP
Know what you are committing to.
Tell us your deadline and provide the available documents when requested. We will confirm timing and scope.