
When selling or buying a condo, it’s important to understand what a status certificate is and where to get one. Sometimes known as an estoppel certificate, this provides a snapshot of your condo's current state, including financial details and bylaws. But where do you get this document, and why is it critical for a smooth transaction? Let's explore the steps and significance behind it in real estate dealings.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Condo Status Certificates at a Glance
- Status certificates are obtained from the condo's management company or board, often with a processing fee.
- The estoppel certificate provides a condo