- The single most important document in a resale condo transaction is the status certificate, issued by the condominium corporation.
- If the condominium corporation has approved a special assessment, or you've received formal notice of one, this generally needs to be disclosed rather than left for the buyer to discover…
Selling a condominium unit in Ontario involves more paperwork than selling a freehold home, mainly because buyers and their lawyers expect to see how the condominium corporation itself is run — not just documents about your specific unit. Knowing what's expected up front helps you avoid last-minute scrambling once you have an accepted offer.
Here's what an Ontario condo seller is typically responsible for pulling together, and where each document comes from.
The Status Certificate: The Centrepiece Document
The single most important document in a resale condo transaction is the status certificate, issued by the condominium corporation. It's the standard due-diligence package buyers and their lawyers review before closing, and it's distinct from a new-condo builder's disclosure statement (which applies only to purchases directly from a developer).
A status certificate typically includes information such as:
- The corporation's current budget and recent financial statements
- Reserve fund information
- Any litigation the corporation is involved in
- The declaration, by-laws, and rules governing the unit and building
- Confirmation of whether common expenses (condo fees) for the unit are paid up to date
- Insurance information for the corporation's master policy
As the seller, you don't personally draft the status certificate — the condominium corporation (usually through its property management company) prepares and issues it, generally in response to a formal request. But you're responsible for making sure the request goes in with enough lead time that it's in hand before your buyer's review period expires.
Documents a Seller Is Typically Responsible For
| Document | Who provides it | Seller's role |
|---|---|---|
| Status certificate | Condominium corporation / property manager | Request it promptly; some buyers' agreements require the seller to order and pay for it |
| Declaration, by-laws, and rules | Usually attached to or referenced in the status certificate | Confirm they're current if you have your own copies |
| Estoppel/payment confirmation | Condominium corporation | Confirm your own common expenses are paid up to date before closing |
| Any known special assessment notices | You, if you've received one | Disclose known upcoming or recently approved assessments |
| Parking/locker documentation | You (from your own purchase records) | Confirm what's owned vs. leased/exclusive-use, and what's included in the sale |
| Any renovation approvals | You, if alterations were made | Provide proof the corporation approved any unit alterations, if applicable |
| Keys, fobs, and access devices | You | Coordinate handover at closing |
Special Assessments and Known Upcoming Costs
If the condominium corporation has approved a special assessment, or you've received formal notice of one, this generally needs to be disclosed rather than left for the buyer to discover only once they review the status certificate. A status certificate will often reflect this, but proactive disclosure protects you from a claim that you knew about a cost and didn't say anything.
Parking and Locker Documentation
Confirm exactly how your parking spot(s) and locker(s) are held — owned as a separate unit, held as a common element with exclusive use rights, or leased from the corporation. This affects what can actually be included in the sale and how it should be described in the Agreement of Purchase and Sale. Sellers sometimes assume a spot is "theirs" to sell when it's technically a leased or exclusive-use arrangement with its own rules.
Renovation and Alteration Records
If you made changes inside your unit — flooring, layout changes, or anything affecting shared systems — check whether the condominium corporation's rules required approval, and whether you have documentation of that approval. Buyers' lawyers sometimes ask for this, particularly for anything that could affect common elements (plumbing, electrical, structural elements shared with the building).
A Practical Timeline for Sellers
Before You List
- Locate your own copies of the declaration, by-laws, and rules if you have them
- Gather parking/locker purchase or lease documentation
- Note any special assessment notices you've received
- Confirm your own common expenses are current
Once You Have an Accepted Offer
- Request the status certificate from the property management company right away — this is often a condition with a defined review period, so delay works against you
- Provide the certificate and any of your own supporting documents to your lawyer for review
- Address any surprises the status certificate reveals (unexpected litigation, a reserve fund shortfall, a pending assessment) with your lawyer before the buyer's condition deadline
Before Closing
- Confirm outstanding common expenses are paid in full
- Coordinate handover of keys, fobs, and any parking/locker access devices
- Confirm any required corporation sign-off (for example, confirming no outstanding violations tied to your unit) is complete
Frequently asked questions
Who pays for the status certificate — the buyer or the seller?
This is typically addressed in the Agreement of Purchase and Sale and can go either way depending on what's negotiated. There's no fixed rule requiring one party over the other; check what your specific agreement says.
What if the status certificate reveals a problem after the buyer already made an offer?
If the buyer's offer included a status certificate review condition, they may be able to raise concerns or end the agreement within that condition's terms, depending on how it's worded. This is a common reason status certificate conditions exist in the first place.
Do I need to disclose a special assessment I only just found out about?
Generally, yes — a known special assessment is the kind of fact a seller shouldn't withhold, since it directly affects the buyer's future costs. Loop in your lawyer as soon as you're aware of one.
Can I sell my condo before receiving the status certificate myself?
The transaction itself doesn't require you to have reviewed the certificate personally, but most buyers will have a condition requiring the certificate to be produced and reviewed. Requesting it early avoids it becoming the bottleneck in your closing timeline.
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