What is a Status Certificate?
In Ontario condominium corporations issue status certifications to provide prospective buyer with information about the condo unit to help them make an informed buying decision. The status certificate of a condominium provides information about the status of the property, the condo corporation and the individual condominium unit including condo financial statements, budgets, reserve fund study, insurance the condo plan/declaration and more.
How long is a Status Certificate Valid?
For most instances, a condo status certificate is valid for 60 days. After the 60 days you will have to request a new certificate from the condominium corporation. If a new certificate cannot be requested your realter and the condo property managers can assist you in discovering what occurred after the status certificate has expired. These findings must be put into writing for purchaser’s security.
Online Process:
Register if first time user setting up a user id and password or Login. (Please ensure that you record this information for future use, it will be required to access your certificate once completed.)
Fill in required forms online and pay online with your credit card. The price is $100.00 plus convenience fee.
Once your order has been processed, you will be notified by email that the status certificates may be downloaded as a PDF. You should always receive your status certificate within 10 working days as per the Condominium Act, 1998.
Save the PDF to your computer, email to your agent, lawyer and owner. We encourage you to utilize electronic copies and only print if absolutely necessary as the number of pages can exceed 100.
What is an Estoppel Certificate for a Condo?
An Estoppel Certificate is included in the condominium information statement which is provided to those looking to purchase a condo unit in Alberta. The estoppel certificate provides buyers with information on the condominium fees, also know as condo contributions that are associated with the unit as well as the payment schedule for the condo fees. The estoppel certificate also provides information on any unpaid condo fees as outstanding fees carry with condo unit.
Online Process:
Visit www.condopapers.com where you can search for the property address and order condo documents on demand.
Register if first time user setting up a user id and password or Login. (Please ensure you record this information for future, it will be required to access your documents once completed).
Fill in forms online selecting documents you require from the menu like by-laws, AGM and board minutes, financial statements, certificates and estoppels. Pay fees based on individual documents requested online with your credit card. Prices range from $10 – $150 per document plus taxes and processing fees.
Many documents are available for download immediately. Otherwise you will be notified when they are ready. You should always receive your documents within 10 working days as per the Condominium Property Act. Rush requests can be accommodated at additional cost.
Save the PDF to your computer and share with applicable parties. We encourage you to utilize electronic copies and only print if absolutely necessary.
What is the Strata Act Form B Information Certificate?
The Form B Information Certificate is to be reviewed by all prospective strata buyers in British Columbia. The Strata Act Form B Information Certificate provides information on the strata corporations financial state including:
- Payable strata fees
- Outstanding and approved special levies
- New strata by-laws
The bank may require a copy of the Form B Information Certificate for your mortgage prior to purchase.
Online Process:
Strata Councils visit www.estratahub.com to register for an account if first time user or login.
Owners, real estate professionals and lawyers visit www.bconline.gov.bc.ca. Register if first time user or Login and select eStrataHub from the main menu. (Please ensure that you record this information for future use. It will be required to access your certificate once completed)
To place an order, fill in required forms online selecting the documents you require from the menu provided.
Indicate the date you require the documents. If sooner than one week, an additional priority fee will be calculated.
You will be notified by email of any actions you may need to take regarding your order during processing and when your order is ready.
Once notified documents are ready, log into BC Online, open your order and click Authorize Payment. Payment is processed through your BC Online account. There is no credit card payment option on EStrataHub at this time. After a few minutes you can go back to your order and Download the documents.
Save the PDF to your computer. We encourage you to utilize electronic copies and only print if absolutely necessary.
