![What Is A Status Certificate In Real Estate? [Condominiums]](imgx.php?https://pierrecarapetian.com/wp-content/uploads/2022/07/what-to-look-for-in-a-condo-status-certificate-617x1024.png)
This form provides mandatory information about the condominium corporation and the specific unit for purchasers and others who request the Status Certificate. |
What do status certificates contain? · A copy of the condo corporation's current declaration, by-laws and rules · A copy of the budget for the current fiscal year ... |
A STATUS CERTIFICATE is legal document that discloses important information about a property to help potential buyers make their decision. |
This status certificate is binding on the condominium corporation. I have the authority to sign this status certificate on behalf of the condominium corporation ... |
The certificate should be dated and signed by an officer of the corpo- ration or specific officers of the corporation as the by-laws may require. |
The condo status certificate is an important tool in ensuring that the Board of Directors is spending your monthly fees in good faith. |
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