The Status Certificate includes documents relevant to which operational aspect?

The Status Certificate includes essential documents that pertain to the financial and operational health of a condominium corporation. One of the primary components of this certification is the Annual Operating Plan, which outlines the projected budget and financial operations for the upcoming year. This plan is crucial for potential buyers or current owners as it details income, expenditures, and any anticipated capital projects or assessments that may affect the financial stability of the condominium.

Documents such as financial statements, reserve fund studies, and details about current levies are typically included, giving a comprehensive view of how the condominium is managed and its future financial commitments. This insight into the annual operating plan is vital for making informed decisions regarding property investment or understanding the financial dynamics of the condominium corporation.

Other aspects like emergency procedures, resident complaints, or maintenance schedules, while important for day-to-day management and operation, are not typically included in the Status Certificate itself, as they focus more on immediate operational matters rather than the long-term financial and governance structure of the condominium.