Glossary
Status certificate
The corporation's written statement to a purchaser about a unit's standing and the corporation's affairs. A purchaser, a lender and a lawyer all rely on it, so an error in one is expensive.
Jurisdiction record
What it is called where you are
Ontario
- Status certificate under section 76, on a prescribed form with a capped fee under O. Reg. 48/01. Specs/00 records the fee cap as one to confirm with counsel.
Florida
- The equivalent is an estoppel certificate.
Product record
Where this shows up in Board Butler
Every term, both jurisdictions
The glossary carries the whole vocabulary a condo or HOA board runs into, with the Ontario and Florida words side by side.