Condo Estoppel Certificate Clause Samples

A Condo Estoppel Certificate is a document provided by a condominium association that outlines the current status of a specific unit with respect to fees, assessments, and compliance with association rules. Typically, this certificate is requested during the sale or refinancing of a condo unit and includes information such as outstanding dues, pending special assessments, and any violations or legal actions involving the unit. Its core practical function is to provide transparency and protect buyers and lenders by ensuring they are aware of any financial or legal obligations tied to the unit before completing a transaction.