99% of the time, when you and the buyer agree on the price, there will be a conditional clause that states that the buyer’s lawyer will have 7-10 days to review the status certificate provided by the condo management company.
The buyer’s lawyer is looking at the financial status of the corporation, to see if there are any unpaid condo fees or assessments from you if there are any infractions, such as a screen missing, an unauthorized addition such as a deck, satellite dish etc.
You would be surprised at the number of hasty remedies, discussions that occur if a lawyer finds out some things that you were not aware of.
To ensure a smooth sale, take the time and effort to find out if there are any issues that could affect the final sale of your condo, be it an apartment or a townhouse in London Ontario. To ensure an even smoother process, we do this every day and have systems in place that will save you from unforeseen issues.