Estoppel Certificate printable pdf download

FORM Z

[Section 53]

Estoppel Certificate

The Owners: Condominium Corporation No. _________________________________________________ (the “corporation”)

DATE: __________________________________________________

TO: _____________________________________________________

RE: UNIT NO __________________________________ (the Unit)

CERTIFICATE

The corporation certifies that, as of the above date:

1. (Provide the following information:

(a) the amount of the common expense contribution levied respecting the Unit;

(b) the amount of the reserve fund contribution levied respecting the Unit;

(d) the amount of any unpaid contributions or arrears in contributions respecting the Unit;

(e) the manner in which the contributions are payable [for example, by annual or monthly instalments];

(f) the amount of any extraordinary contribution levied on the Unit and the extent to which it has been paid.)

2. The corporation is not aware of any default by the present owner of the Unit in fulfilling any of the owner’s

obligations arising from membership in the corporation and ownership of the Unit, except as specified above

or noted below:

3. The corporation holds insurance policies as required by The Condominium Property Act, 1993, and its

bylaws and the policies are in good standing. (Describe particulars of insurance, including the carrier, the agent,

the amount, the date of renewal, additional endorsements and the deductible, or attach a certificate of insurance

that includes these particulars.)

4. The corporation has not been served with a notice of any unsatisfied judgments against the corporation,

any existing orders or actions, suits or proceedings pending against or affecting the corporation before or issued

by any court or any public authority having jurisdiction except as listed below: (include particulars about any

matter listed)

5. Since the date of the last audited financial statements of the corporation there has been no material adverse

change in the assets or liabilities of the corporation except as follows:

6. The corporation has not taken any action nor has it received notice of any pending proceedings:

(a) for the transfer or leasing of the common property of the corporation or any part of it, except to the

extent permitted under its bylaws in relation to the assignment of parking spaces and privacy areas to

individual units;

(b) to authorize any substantial change in or addition to the common facilities or any other substantial

change in the assets of the corporation;

(d) to amend the bylaws of the corporation as constituted pursuant to The Condominium Property

Act, 1993 or as presently filed;

(e) for the appointment of an administrator for the corporation;

(f) to terminate the condominium status of the land and buildings comprising the condominium property

of the corporation;

Estoppel Certificate