Glossary

Unpaid condo/strata/co-op fees. Pellucis extracts total arrears and arrears rate (arrears ÷ annual revenue) to assess collection risk.

Proceed, Negotiate, or Caution. Top-level finding. From Kill Switch, Community Health, fundamentals.

Proceed, Negotiate, or Caution. From Kill Switch + Community Health, weighted by fundamentals. Includes dimension ratings.

Condominium Authority of Ontario Tribunal. Handles condo disputes. Pellucis counts CAT references in minutes as conflict indicators.

0–100 score: participation, attendance, quorum, complaints, conflict, problem units. Combined with Kill Switch for assessment.

Civil Resolution Tribunal. BC tribunal for strata disputes. Pellucis counts CRT references as conflict indicators. Ontario/Alberta: N/A.

BC study of common property condition + 30-year cost projections. Every 5 years (5+ units; mandatory Jul 2024). = reserve fund study elsewhere.

Strong, Adequate, Monitoring, Concerning, or Critical for Financial Health, Property Condition, Governance, Overall.

BC strata information certificate for buyers. Ontario: status cert; co-ops: disclosure package.

What should appear but does not—e.g., missing reserve study, no insurance in minutes. Pellucis flags by severity.

Finding from absence: we looked for X and did not find it. Includes recommended buyer action.

0–100 from risk register. Proceed: ≥70 + CH≥60. Negotiate: 40–69. Caution: <40 or CH<60.

Dollar figure + basis when assessment is Negotiate. From identified exposure. Not legal advice.

Expenses ÷ revenue. 0.91–0.99 = tight. ≥1.00 = deficit.

Unit in 3+ meeting summaries or with 2+ complaint types. Tracked in governance.

Minimum owners for valid meeting. Pellucis scores Quorum Health vs. statutory requirement.

Money for major repairs. Pellucis extracts balance, contributions, spend; calculates runway.

Evaluates assets, projects 30-year costs, recommends funding. Ont condo: 3yr. Ont co-op, BC, Alta: 5yr.

Years reserve lasts at current spend. Short = underfunding or high capital demand.

A status certificate is an Ontario condo disclosure document required in condominium sales. Issued by the condo corporation, it summarizes legal status, financial health (reserves, fees), arrears, litigation, and rules. Pellucis analyzes status certificates to extract key metrics and flag risks. Equivalent: BC Form B; co-op disclosure package.

BC bundle: Form B, depreciation report, financials, minutes, bylaws. = status cert (Ont) or co-op disclosure.