Bylaw enforcement, policies, communication, owner/tenant/board issues, etc.

This topic contains 1 reply, has 2 voices, and was last updated by  Mark Rousseau 1 month, 1 week ago.

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  • #2359

    Ruth McConnell
    Participant

    We seem to have lumped the fees for the package together, but to me this makes no sense. The Condos docs are requested by the realtor on behalf of the prospective buyer (and the sale may not happen) and the estoppel is requested by the lawyer of the seller closer to the time of closing. Do people separate them? How much do people charge?

  • #4243

    Mark Rousseau
    Participant

    Hi Ruth,
    Condo docs and estoppels are 2 different things and separate charges apply to each. Each can be ordered individually depending on the circumstances. For instance, a mortgage company may require an estoppel for re-mortgaging purposes and not require condo docs.
    Different property managers and boards have different fees for each but a typical charge for an estoppel is $150.00. Fees for condo docs can vary wildly. One self-managed condominium board I dealt with in the past charged $500. Typically the charge will be around $100. However, the new regulations coming into effect January 2020 set the maximum charge for condo docs at $30 for a rush request (within 3 days) and $10 otherwise. The estoppel fee maximum is set at $100.

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