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Originally Posted by MattRichling
Best to speak with your agent and lawyer - ask about holdback clauses and status conditions. The best information comes from the status certificate and then property manager (who often still won't know concrete numbers unless they are concrete). Most owners won't know until anything until numbers are official. That being said... Word is that the condo corp "won" and there is a settlement that benefits the condo corp. Keep in mind that listing was a PB listing that banks treat like a for sale by owner so more stringent and can be harder to finance. That being said, it had three offers as of yesterday morning and they have now conditional sold again after countering. We had a deal in the building two weeks ago that the lawyers approved the status certificate with no issues.
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Would the status certificate show any information about a pending special assessment that has not yet been defined/quantified?