With a resale condominium, the Condominium Corporation’s property management company provides a “Status Certificate” that contains similar documentation to a Disclosure Statement. When purchasing a resale condominium unit, a Buyer should always ensure that his or her offer is conditional on receiving, reviewing, and being satisfied with the Status Certificate. The fee of $100, inclusive of HST, for the certificate is payable to the property management company, which must deliver the certificate within 10 days of the request for it and the payment of the fee. The Status Certificate discloses whether the owner of the unit you are buying is current in the payment of common expenses as well as the status of the condominium corporation’s financial affairs. It must be delivered with the declaration and bylaws, the budget, and other agreements.