Under the standard Residential Purchase and Sale contract, the seller is required to provide the buyer with an Estoppel Certificate on closing.
Usually, the seller’s lawyer is responsible for ordering the Estoppel Certificate. Where we are assisting with your property sale, our office will request the Estoppel Certificate from the property management company and it must be provided to our office within 10 days of making the request. There is a fee payable for the Estoppel Certificate and this fee is not included in our Flat Legal Fee.
An Estoppel Certificate is required to complete your Closing because it confirms that there are no outstanding condominium fees or special assessments. If you are obtaining a mortgage, your mortgage lender will require the Estoppel Certificate.
