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