Status Certificate Form

Status Certificate Form

This Status Certificate is issued by (the "Corporation"), corporation registration number , in respect of Unit/Parcel located at . The requesting party is . Request date:

Recitals

WHEREAS the Corporation is the legal entity responsible for administration, operation and maintenance of the property described above and is empowered by its governing instruments to issue status certificates concerning the condition of a unit or parcel;

WHEREAS the Requesting Party has requested a status certificate describing the financial, legal and administrative status of the unit and the Corporation has collected the prescribed fee for issuance of this certificate;

WHEREAS the Corporation intends to disclose the matters set forth in this certificate to enable the Requesting Party to rely on the stated facts subject to the limitations set out herein;

Now, Therefore

NOW THEREFORE the Corporation certifies, subject to the statements, qualifications and limitations set out in this instrument, that as of the Issue Date set forth below the information contained in this Status Certificate is true and accurate to the knowledge of the Corporation's duly authorized officer.

1. Issue Date and Certification

Issue Date: . The Corporation, by its authorized signing officer, certifies that the statements contained in this certificate are accurate as of the Issue Date and that the Corporation has made a reasonable inquiry and review of its records in preparing this certificate.

2. Financial Status

Arrears declared: Yes No

3. Insurance and Budget

4. Legal Proceedings and Liens

Judgments or writs: Yes No

5. Parking, Locker and Exclusive Use Facilities

Parking included: Yes No

Locker included: Yes No

6. Rules, By-Laws and Restrictions

Rental restrictions in effect: Yes No

Pet or other use restrictions: Yes No

7. Mortgages and Encumbrances

8. Fees and Payment

Fee paid: Yes No

9. Reliance, Limitations and Liability

The information contained in this certificate is provided solely for the benefit of the Requesting Party for purposes of the contemplated transaction and may be relied upon only to the extent expressly permitted by the Corporation. Except as expressly provided by applicable statute, the Corporation's liability for errors, omissions or misstatements in this certificate, whether negligent or otherwise, shall be limited to direct damages and, in no event, shall the Corporation be liable for consequential, incidental or punitive damages. Any reliance on projections, estimates or statements of future events is limited and speculative.

10. Notices

11. Governing Law

This Status Certificate shall be governed by and construed in accordance with the laws of the jurisdiction in which the property is located. The parties submit to the exclusive jurisdiction of the courts of that jurisdiction in respect of any dispute arising under or in connection with this certificate.

12. Entire Agreement

This Status Certificate, together with any attachments and schedules expressly incorporated herein, constitutes the entire understanding between the parties with respect to the matters certified and supersedes any prior representations or agreements, whether written or oral, regarding such matters.

13. Severability

If any provision of this Status Certificate is held to be invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, the remainder of this Status Certificate shall remain in full force and effect and shall be interpreted so as to effectuate the intent of the parties to the fullest extent permitted by law.

14. Amendments, Waiver and Counterparts

Amendments to this Status Certificate must be in writing and signed by both parties. No waiver of any provision shall be effective unless in writing and signed by the party granting the waiver. This Status Certificate may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.

15. Certification by Authorized Officer

The undersigned, being a duly authorized officer of the Corporation, certifies under penalty of perjury that the statements herein are true to the best of the officer's knowledge after reasonable inquiry and that the officer is authorized to bind the Corporation.

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