The Commission ensures that relevant data on strata corporations is available to prospective purchasers to support them in making informed purchasing decisions.
If a prospective purchaser is comfortable with the responsibilities of strata living and has narrowed their search to a particular corporation; part of their due diligence exercise prior to the actual purchase should include obtaining a status certificate on that corporation.
The certificate does not guide whether or not to buy into a strata corporation, it simply provides additional information (similar to property tax search, query on outstanding water bills) which will help in your decision-making process.
The provision of status certificates is one of the most useful tools for prospective strata owners.
It provides historical data about a specific strata and highlights the compliance track record of the Corporation, and captures:
- the period of last annual returns filed,
- date of last audit,
- number of complaints filed,
- number of Power of Sale Certificates issued
This can be obtained within five (5) business days of an application and a fee of JMD $1,000.
As per the request form, you will need to provide your: name, ID Type and number, telephone number, address and applicant details/category.
You will also be required to provide the Proprietors’ Strata Plan (PSP) number and the address.