There are typically several key differences between owning a freehold home and a Condominium unit. In a Condominium your exclusive ownership includes the contained unit. The size of unit determines the proportionate costs you are responsible for in regards to condominium fees (which include building operations, maintenance, common areas, etc).

Understanding and reviewing the Status Certificate is vital before purchasing a Condominium. This provides the financial situation of the Condominium Corporation, pending or active legal issues, special assessments, rented units in the building(s), Condo rules and By-Laws.

Strike & Phillips expertise in Condominium Law ensures the thorough review of the Status Certificate so that you can buy in confidence.