… Sale of Units up for sale. Also, some residents are owners’ children who have completed post-secondary education and the unit no longer serves the same purpose. Whatever the reason, there are still units moving on the market (despite the drastic reduction). Condo Managers can reach out to owners, pre-emptively with a communica- tion and include some of the following instructions: • Please reach out to your Condo Manager after you’ve signed the listing agreement with a realtor. • If the Condo Management company has the re- quirement, realtors should provide a signed copy of some form of a COVID-19 Buyer Disclosure Form, signed by those who are viewing the unit. The Cor- poration should keep these on file for at least two weeks. Lawyers may feel it beneficial to keep them for a different amount of time. • The realtors need to advise the building manager and/or the Condo Manager (whatever your policy dictates) whenever a showing is scheduled (Date AND time). We need this information so Superin- tendents can try to wipe all surfaces they may have come into contact with (were they peering into the gym’s windows, breathing onto the glass, etc.)
Some managers, realtors or owners might feel this is extreme, but we really need to help protect our residents (and our corporations). Showings have decreased dra- matically, so the imposition may be less than you think. Do what’s right for your residents, in the end. So, you’ve created a modified moving policy, a new poli- cy for showings, now what do you do with it after shar- ing with all owners the first time?
COVID-19 Buyer Disclosure Forms
Many of the real estate firms in London and area already have a form that outlines questions for potential pur- chasers of units. It will likely contain questions confirm- ing the potential purchasers of a unit have actual interest in the unit they will be viewing (not just looky-loos); that the viewers have not traveled outside of the country for the last 21 days; and other questions relating to limiting the risk of exposure to the virus. Speak to your realtor to see what they’re doing to limit risks right now.
Add a page to your Status Certificate
People will occasionally purchase a unit without using a realtor and sometimes without ordering a status certifi- cate (not you, though, because you’re smart and want to know what you’re investing in!). It is out of our control
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