Status Certificate. The Purchaser hereby authorizes the Condominium Corporation, when created, to issue a certificate in the form prescribed by the Act, stating any arrears on account of common expenses owed by the Vendor. Such status certificate shall be at the purchaser's costs and will be adjusted for in the Statement of Adjustments as a credit to the Vendor or the Vendor's solicitors in the amount of $100.00.
Appears in 2 contracts
Sources: Condominium Agreement of Purchase and Sale, Condominium Agreement of Purchase and Sale