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A Reminder About Status Certificates and Different Types of Units

Author: 
James Davidson
Publication date:
April 23, 2019
Article Summary: 

The blog explains how to issue a status certificate for condominium owners with additional units like parking and storage units. Two approaches were suggested; first is to separate the common expenses and arrears for the main unit and each additional unit, and the second approach is to issue separate status certificates for each unit. It's also essential to break out the arrears in the notice of arrears for each unit if an owner falls into arrears.

Keywords: 

condominium, status certificate, common expenses, additional units, parking units, storage units, and arrears.

Source Citation: 
James Davidson
A Reminder About Status Certificates and Different Types of Units
April 23, 2019
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