Who Can Rely On A Status Certificate?

The article discusses the implications of Section 76(6) of the current Condominium Act, which states that a status certificate binds the corporation "as against a purchaser or mortgagee of a unit who relies on the certificate" and how this could potentially be someone other than the person who requested the certificate. The author suggests that it may be possible to limit the exposure of the condominium corporation by including a statement in the certificate stating that it can only be relied upon by the person for whom the certificate is issued to and should not be disclosed to anyone else. The article emphasizes the importance of protecting private information and avoiding potential liability when issuing status certificates.