2009 Toronto Star Columns

Buyers, check condo status certificates carefully

In the course of my real estate law practice in Toronto, I often review
condominium status certificates for purchasers. Usually this is a fairly routine
function, where the lawyer looks for arrears in common expense payments,
underfunded reserve funds, litigation by or against the condominium corporation,
special assessments and similar items which could impact on the purchaser or her
bank account.

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