The Estoppel Certificate
THE ESTOPPEL CERTIFICATE
According to the standard Alberta Condominium Property Purchase Contract (the “Contract”), a seller is responsible to pay, among other things, condominium contributions up to and including the Completion Day and any special condominium assessment contributions passed by resolution on or before the Completion Day.
It is critical to ensure that a seller is up-to-date on the condominium contributions for their unit as any unpaid contributions carry with the unit – not with the owner.
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