An Alberta condominium corporation has approved a large special levy for major repairs. A buyer wants to confirm exactly what amounts the seller's unit owes the corporation. Under the Condominium Property Act, which document certifies these amounts?
Correct Answer
A) The condominium corporation's estoppel certificate
Under s. 43.2 of the Condominium Property Act, the corporation must, on written request, provide within 10 days an estoppel certificate stating the contributions payable for the unit, how often they are payable, any arrears and any interest owing. A special levy is a contribution under s. 39(1)(c), and the certificate is conclusive proof of the amounts it states in favour of the person who requested it. Records such as the reserve fund amount, budget, minutes and particulars of lawsuits are requested separately under s. 44.
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