The Kurt Diener Team - Toronto Real Estate

Selling real estate in Toronto -- one of the greatest cities on the planet! Check us out at www.kurtdiener.com.

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#tree with #picnictable (at Marie Curtis Park)

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#detroitriver (Taken with Instagram at Windsor, Ontario)

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Sky over #windsor #detroit (Taken with Instagram at Windsor, Ontario)

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Arturo Sandoval in the park with a corona. (Taken with Instagram at Bandshell Park)

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#ferriswheel (Taken with Instagram at Canadian National Exhibition)

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Chicken and waffles at the eX (Taken with Instagram at Canadian National Exhibition)

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#appletree (Taken with Instagram at Marie Curtis Park)

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Beach trees (Taken with Instagram at Marie Curtis Beach)

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Bridge (Taken with Instagram at Marie Curtis Park)

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#willow with #river (Taken with Instagram at Marie Curtis Park)

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Saturday in the #park #tree (Taken with Instagram at Marie Curtis Park)

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Julian made #donuts (Taken with Instagram)

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Monsters Ate My Condo

    This is funny. The title caught my eye. Free in the App Store  for a limited time. Optimized for  iPhone and iPad.

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Video Tour of Aquaview Condos

Aquaview Condos is a 16-storey condominium located at 3865 Lake Shore Blvd West in Toronto.  The building is located directly across the street from the Long Branch GO station so you can literally walk across the street and take a 15-minute train to Union Station in downtown Toronto. Join the Kurt Diener Team for a quick tour of a 1-bedroom unit.

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Video Tour of Beyond The Sea Condos

Beyond The Sea condos is a 3-tower project located at Legion Road and Lake Shore Blvd West built by Empire Communities. As of early 2012, 2 of the 3 towers have been completed and there are many units for sale and for lease. Join the Kurt DIener Team for a quick tour of a 2-bedroom unit on a high floor in the south tower.

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What is a Status Certificate and why is it important?

A “Status Certificate” is a set of documents that are prepared by a property management company on behalf of a condo’s Board of Directors. These documents include information on an individual unit and confirm that the owners have paid all of their maintenance fees and are not in arrears. The Status Certificate also includes the condo declaration, the by-laws and condo rules, the current budget, information about the state of the reserve fund, whether there are any upcoming special assessments, insurance, the management contract, minutes of the last annual general meeting, and mention of any lawsuit involving the corporation. In total, the documentation can be as long as 100 pages. 

The purpose of the Status Certificate is so that a new Buyer of a condo unit has as much information as possible about the financial and physical state of a building. The information also lets them know what the condo rules are such as whether pets are allowed or whether barbecuing on balconies is allowed, etc. Small things that can be critically important the lifestyle of a Buyer.

The requirement for a condo Board to produce Status Certificates is mandated by law through the Condominium Act. Usually boards delegate this task to their property management company. By law, the management company is allowed 10 calendar days to prepare the Status Certificate. 

If you are a Buyer purchasing a condo, you should always have a clause in your purchase agreement that states that the offer is conditional upon receiving the Status Certificate AND having a chance to review those documents with your lawyer. The cost to prepare a Status Certificate is usually around $100 and that fee is usually paid by the Seller.

Please post any questions or comments on this article and we will be happy to respond. 

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Video View of South Beach Condos Toronto

South Beach Condos + Lofts was awarded ""Most Outstanding High-Rise Building"" by the Ontario Home Builders' Association back in 2009. Well occupancy has finally begun and now we get to see how this building is shaping up. Watch the Kurt Diener Team as they go exploring this beautiful new complex.