Alberta Real Estate Licensing Exam Practice · Question
A condominium buyer receives an Estoppel Certificate that shows a current balance due of $1,500 from the previous owner for unpaid condominium fees. What is the buyer's liability for this outstanding amount under Alberta's Condominium Property Act?
Subsection 44(6) of the Condominium Property Act specifies that a purchaser of a unit is jointly and severally liable with the vendor for any unpaid contributio
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Question: A condominium buyer receives an Estoppel Certificate that shows a current balance due of $1,500 from the previous owner for unpaid condominium fees. What is the buyer's liability for this outstanding amount under Alberta's Condominium Property Act?
Answer options:
- The buyer is not liable; it is the seller's responsibility. ✅ The buyer is jointly and severally liable with the seller for the unpaid fees.
- The buyer is liable only if they agreed to assume the debt in the purchase contract.
- The condominium corporation cannot pursue the buyer for the previous owner's debt.
Correct answer: The buyer is jointly and severally liable with the seller for the unpaid fees.
Explanation: Subsection 44(6) of the Condominium Property Act specifies that a purchaser of a unit is jointly and severally liable with the vendor for any unpaid contributions, charges, or levies to the corporation outstanding at the time of purchase. This makes the Estoppel Certificate a critical due diligence item.
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