If any individual is planning for buying a resale condominium, the REALTOR of that individual will make sure that the offer put forward by that individual is conditional on receipt of a status certificate. This receipt of status certificate will help to confirm that
- The seller on the payment of common expenses is current.
- In addition to this, it will also outline the condominium corporation’s financial details.
- Documents governing the corporation and
- A list of other documents which affect it should also be received.
The cost of status certificate is $100 and it must be delivered within 10 days of the request.
It will also be helped by the Realtor to evaluate a condominium’s amenities. These amenities are now viewed by many people as an adjunct to private living space. Many significantly enhanced standard features are looked at; these features include fitness facilities with current pools, spas and yoga studios, and indoor basketball courts
Two of many ways in which the REALTOR can help to purchase condominium are that they provide a good match between an individual and a condominium’s distinct culture and they also protect individual’s interests by ensuring that the status certificate is obtained.
Only one segment of the condo population is represented by well educated young adults who value convenience and proximity to the city life. According to the TD Canada Trust poll, about 36 percent of those who contemplate a condo purchase will consider raising a family in one.
Another key facet of the condo population is also represented by the senior. In order to meet their specific preferences developments are also created. These developments will feature amenities like cafes, gourmet restaurants, reading rooms, greenhouses and salons. Segments of the condo community are also comprised by new immigrants and offshore buyers.