Status Certificate. A Status Certificate is meant to set out the current status of the Condominium Corporation. It will include additional documents such as financial statements, budgets, reserve fund audits, Declaration, Rules, Bylaws to name a few. The Seller consents to the Buyer obtaining a Status Certificate. This paragraph provides warranties that there are no special assessments or legal actions pending or contemplated.
Appears in 3 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement