The Importance of a Status Certificate

A Status Certificate is a crucial document for anyone involved in buying, selling, or managing a condominium unit. It provides a comprehensive overview of the financial and legal standing of a condo corporation, including details about the reserve fund, any outstanding fees or legal issues, and the corporation’s overall health. This document offers transparency and protects both buyers and sellers by ensuring that all parties are fully informed before a transaction is completed. At Elite Property Management, we prioritize accuracy and timeliness in preparing Status Certificates, giving you peace of mind and confidence in your property transactions.