Glossary · Legal & insurance
What is Status certificate?
A status certificate is a document detailing a condo's financial and legal health, reviewed before buying a unit.
Definition
Also known as: Estoppel certificate
Before buying a condo, your lawyer reviews the status certificate to check the building's finances, reserve fund, rules, insurance, and any legal issues or planned special assessments.
It's a critical due-diligence step that reveals whether the building is well run and whether there are risks to be aware of.
When status certificate matters
- Doing due diligence before buying a condo
- Spotting financial or legal red flags
- Confirming building rules and fees
With Homeprint
How Homeprint helps with status certificate
Homeprint stores your condo's key documents so you always have them for reference.
- Keep every related document in one secure place
- Track your home's value and finances over time
- Stay connected with trusted neighbourhood experts
Status certificate — FAQ
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