TitlePLUS’s Ray Leclair has provided prospective condo buyers with a checklist of things they should know about before deciding to purchase. This list was made available to the public in several real estate publications.
- Status Certificate: This document should be a condition in any agreement to purchase. It includes important information such as monthly expenses, pending legal actions and other matters, including how much the condo has in reserve funds, which could affect future fees. It also includes the documents governing the condominium: the declaration, by-laws and rules & regulations. These documents govern many aspects of condo life. You