Alberta Real Estate Licensing Exam Practice · Question
A buyer is purchasing a condominium unit and requires an Estoppel Certificate from the condominium corporation. According to the Condominium Property Act, how many days does the corporation have to provide this certificate after receiving a request?
Section 44(c) of the Condominium Property Regulation states that a condominium corporation must provide an Estoppel Certificate within 10 days of receiving a re
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Question: A buyer is purchasing a condominium unit and requires an Estoppel Certificate from the condominium corporation. According to the Condominium Property Act, how many days does the corporation have to provide this certificate after receiving a request?
Answer options: ✅ 10 days
- 15 days
- 20 days
- 30 days
Correct answer: 10 days
Explanation: Section 44(c) of the Condominium Property Regulation states that a condominium corporation must provide an Estoppel Certificate within 10 days of receiving a request. This document is crucial for buyers to understand the financial standing of the unit and the corporation.
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