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Category:
Records
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Re-Blog: Who Can Rely on a Status Certificate?
Author:
James Davidson
Publication date:
November 7, 2019
Article Summary:
This blog refers to a previous post on who can rely on a status certificate in a condominium community. Under Section 76(6) of the Condominium Act, 1998, any purchaser or mortgagee who obtains a status certificate may rely upon it as against the condominium corporation. However, condominium corporations can choose to limit exposure to the certificate's specific recipient by including a statement in the status certificate indicating that only the person who receives the certificate may rely upon it. This is a grey area of condominium law with no current court decisions.
Keywords:
Condominium, status certificates, Section 76(6), purchaser, mortgagee, reliance, limitation, condominium corporation, grey area, court decisions.
Source Citation:
James Davidson
Re-Blog: Who Can Rely on a Status Certificate?
November 7, 2019
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