Fee & Reserve Check
Status Certificate Review for Condo Buyers
See the finances, reserve fund, major projects and funding gaps before you buy.
Automated document analysis. Not legal advice and not a replacement for a lawyer's review.
Free during public beta. No credit card required.
$24.99 CAD total
Regular price: $24.99 CAD total.
What you need to get started
Choose one of these two ways to start.
Option 1
Status Certificate Package
The whole package as one PDF, exactly as you received it. On its own it is enough to start.
Option 2
Separate documents
Both of these:
- Reserve Fund Study and funding plan
- Approved budget, or the unit's fee schedule
With the fee schedule instead of the approved budget, the report cannot compare this year's reserve contribution with the study. It still reads the study, the unit's monthly payment and the planned work.
Optional
Supporting documents
- Declaration
- Latest audited financial statements
- Status Certificate
- Engineering or building-condition report
These can make your report more complete. None is needed to start.
You can upload PDF files, or photos of the pages taken with your phone.
The report covers only what your documents show. If something is missing from them, the report says what could not be established.
What this review covers
- The condo's finances
- Reserve fund information
- Major upcoming projects
- Funding gaps
- The document and page each figure comes from
What it does not replace
- Your lawyer's review of the status certificate
- Legal interpretation
- An insurance review
- A full review of the rules and meeting minutes
- An engineering or building inspection
Tell us now which set you will upload (optional)
Required documents
- Status Certificate Package
- Reserve Fund Study and funding plan
- Approved budget, or the unit's fee schedule
With the fee schedule instead of the approved budget, the report cannot compare this year's reserve contribution with the study. It still reads the study, the unit's monthly payment and the planned work.
You will not be asked to pay until the required documents have been accepted.
Once your documents are accepted, preparing the report may take a few minutes.
The report reads the documents. It does not inspect the building or advise you whether to buy.
Official Condominium Authority of Ontario information See what the package should include (opens in a new tab)
Your report
Optional: check the corporation in the CAO Condo Registry
The Condominium Authority of Ontario keeps a free public registry of condominium corporations. You can use it to check that the corporation in your documents is the one you mean.
You entered:
Condominium Authority of Ontario Open the CAO Condo Registry (opens in a new tab)
- Search by the corporation's legal name and region. The corporation number is part of the legal name.
- Compare the corporation number, the legal name and the address with your documents.
- The Registry lists an address for service. It can be a management office and not the building.
This step is optional. It is about the corporation's identity only. It does not check your fees, the reserve fund or anything else in the report, and it does not change the report. CAO does not review or approve this report.
Your documents
Each document can be one PDF (up to 50 MB), or photos of its pages (JPEG or PNG, up to 60 pages). Scanned pages and photos of pages are counted together: up to 60 in one document, and up to 120 in the whole check.
You sent the fee schedule, not the approved budget. Your report will not compare this year's reserve contribution with the study's recommendation. If you have the budget, add it above.
Your documents are not ready yet
We could not find the following information:
Use our document guide to request what is missing. You can return and continue after you receive it. You have not been charged.
Your required documents are ready.
Your beta spot is confirmed.
Your required documents were accepted.
No payment is needed for this report.
The free beta spots are not available right now. You can still get your report for $24.99 CAD total.
Optional documents
Each one can make the report more complete. None is needed to continue.
-
Status Certificate Package Not uploaded
The whole package, as one file, exactly as you received it.
-
Reserve Fund Study and funding plan Not uploaded
The latest Reserve Fund Study, with its funding plan for {year}.
Reserve Fund Study
If the funding plan (the Notice of Future Funding) is a separate file, add it here too.
-
Approved budget, or the unit's fee schedule Not uploaded
Either one is enough.
Budget
Unit fee schedule
-
Declaration Not uploaded
The Declaration's schedule of proportions. It shows each unit's share of the common expenses.
-
Latest audited financial statements Not uploaded
The most recent audited statements, for a year ending no more than two years before {year}.
-
Status Certificate Not uploaded
The Status Certificate for the unit, if you have one as its own file.
-
Engineering or building-condition report Not uploaded
For example a garage, balcony, roof or building condition report.
We're ready to prepare your report.
You have not been charged yet. Please check these points, then continue to the secure payment page.
- Price: $24.99 CAD total for this check.
- Your report is prepared from the documents accepted above. After payment, the documents and your answers cannot be changed.
- When your report is ready, you can open it online for 30 days and download it as a PDF.
- This is not legal advice, legal representation, an engineering opinion or a physical inspection.
Where should we send your report?
We will email you a link to your report when it is ready.
We use it only to send your report.
Your report is prepared from the documents you uploaded. After you start, they cannot be changed.
Fee & Reserve Check cannot guarantee that the reserve fund will be sufficient in the future, predict whether a special assessment will be required, or judge whether the unit’s fee is too low, too high or in line. It reads what the Status Certificate Package discloses about the unit and the corporation, compares the figures the package itself states, and reports what the package does not establish.
Frequently asked questions
What is a Status Certificate Review?
It is a check of the documents in a condo's Status Certificate Package before you buy. This one is done by software. It reads the budget, the Reserve Fund Study and the financial statements in the package and reports on the condo's finances, reserve fund, major upcoming projects and funding gaps, with the page each figure comes from. It is not a lawyer's review.
What documents do I need for a Buyer check?
Either the whole Status Certificate Package on its own, or the latest Reserve Fund Study together with the approved budget or a unit fee schedule. You also enter the building address and, if you know them, the unit number and its share of common expenses.
I only have some of the documents. Can I still start?
Yes. The check tells you what is missing before you pay. If you send a fee schedule instead of the approved budget, the report cannot compare that year's reserve contribution with the study. It still reads the study, the unit's monthly payment and the planned work.
Does the Status Certificate need to be for the specific unit I'm considering?
Yes. Upload the Status Certificate Package issued for the unit you are considering, exactly as you received it. The check finds the documents inside it for you. A Status Certificate issued for a different unit does not describe the unit you are considering.
What does the Buyer report show?
It compares what the budget puts into the reserve fund with what the Reserve Fund Study sets out for the year, and shows the difference. It lists the major work the study plans and the building risks the documents name. It also shows what the documents say about the unit, where they say it. It does not calculate what one unit's monthly fee should be.
Is this legal advice? Do I still need a lawyer?
No, it is not legal advice, and yes, you still need your lawyer. The report describes the level of financial concern the documents show. It does not tell you whether to buy. It does not replace your lawyer's review of the status certificate, and it does not predict what the corporation will decide. It is document analysis by software. No person checks the report. It is not legal advice, legal representation, an engineering opinion or a physical inspection.
How much does a Buyer check cost, and when do I pay?
$24.99 CAD total. You pay only after your documents have been checked and accepted. If they are not ready, you are not asked to pay. When your report is ready, you can open it online for 30 days and download it as a PDF to keep.
What happens during the free beta?
While the public beta is open, the report is free and no credit card is needed. Free places are limited, and yours is confirmed once your documents are accepted. If no free place is available, the regular price applies and you are told before anything is charged.