Dominium Study guides, Class notes & Summaries

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Questions & Answers(rated A+) Title - ANSWER-Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - ANSWER-What is the definition of a 'Condominium Corporation'? The condominium board - ANSWER-Who e...

Title - ANSWER-Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - ANSWER-What is the definition of a 'Condominium Corporation'? The condominium board - ANSWER-Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...

Title - ANSWER-Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - ANSWER-What is the definition of a 'Condominium Corporation'? The condominium board - ANSWER-Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...

Humber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential CondominiumsHumber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential CondominiumsHumber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential Condominiums No. They can vary significantly from builder to builder or even from project to project. - ANSWER-Is there a standardized form for builder's agreements? - Dim...

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Questions and Answers Graded A Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. Title What is the definition of a 'Condominium Corporation'? A legal entity that represents the collective interests of its property owners. Who establishes the rules and bylaws in a condominium? The co...

Whenever a buyer assumes ownership of a condominium unit, the corporation's board of directors must send what to the new owner? - Answer-A New Owner Information Certificate (NOIC) Note: This provides new owners with the most recent Periodic Information Certificate (PIC) or the most recent Information Certificate Update. NOIC must be sent ASAP and no later than 30 days after the buyer becomes an owner. Industrial condominiums are normally not suitable for ________________________ due to the...

Humber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential Condominiums exam| 60 questions and

Humber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential Condominiums Questions & Answers(Graded A+) No. They can vary significantly from builder to builder or even from project to project. - ANSWER-Is there a standardized form for builder's agreements? - Dimensions - Materials of rooms, cupboards & countertops - Descriptions of future facilities planned for the site - Schedules for deposit payments & occupancy dates - ANSWER-What information ...

No. They can vary significantly from builder to builder or even from project to project. - ANSWER-Is there a standardized form for builder's agreements? - Dimensions - Materials of rooms, cupboards & countertops - Descriptions of future facilities planned for the site - Schedules for deposit payments & occupancy dates - ANSWER-What information is usually defined in a builder's agreement? The builder's lawyer (to serve the builder's best interests). - ANSWER-Who generally prepares a ...

Title - Answer Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - Answer What is the definition of a 'Condominium Corporation'? The condominium board - Answer Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...