Preparing a status certificate for the corporation
Prepares the certificate and attachments the corporation must provide within 10 days of a request.
What is included
- Reviews the corporation's budget, financial statements and reserve fund study
- Checks for lawsuits, special assessments and the unit's account
- Prepares the status certificate on the required form with its attachments
- Advises the board on disclosure questions
What is not included
- Registration costs, searches and other disbursements
- Engineering work, reserve fund studies or property management services
- Appeals, or tribunal or court steps not covered by the lawyer's written retainer
- Acting for more than one side of the same matter
Who this service is for
- Condominium corporations
- Property managers acting for a corporation
- Boards with an unusual disclosure question
Information to have ready
- 1The request and the unit details
- 2Current budget, financial statements and reserve fund study
- 3The unit's common expense ledger
- 4Information about lawsuits, assessments and changes to the common elements
How a referral works
- 1Tell us in a few words what the matter is about, and who else is involved, so we can check for a conflict of interest.
- 2We recommend an Ontario lawyer for your matter, and at least one other you could choose instead.
- 3The lawyer runs their own conflict check, confirms the scope and quotes the fee, normally in a written retainer agreement.
- 4You pay the lawyer's fee to the lawyer. Any referral fee comes out of it, is disclosed to you in writing, and never increases what you pay.
NEO Legal Services Professional Corporation is a licensed paralegal firm, not a law firm. Every step of a referral, and your rights
Frequently asked questions
What does the lawyer charge?
A typical Ontario fee for this service is $150–$450, plus HST. The lawyer quotes the actual fee before any work starts. You pay the lawyer directly; the referral itself costs you nothing.
What happens if a status certificate is wrong or late?
The corporation may be bound by what the certificate says, and a late certificate can create its own problems. That is why careful preparation matters.
Who can request a status certificate?
Any person can request one for a unit, usually a buyer, seller or lender, by giving the request the Act requires.
General information only, not legal advice. NEO Legal Services Professional Corporation is a licensed paralegal firm regulated by the Law Society of Ontario.
Important limitations
- No outcome can be guaranteed
- Some changes need owner votes or registration that the lawyer cannot control
- The lawyer confirms the scope, fee and steps in a written retainer before starting
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