module 10-11 Flashcards

1
Q

agreement purchase and sale

A

TSSA approved contractor

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

industrial equipment should be carefully documented on a schedule to avoid any confusion about what will remain with the property

A

it may be difficult to determine if industrial equipment is chattel or fixture should be all fully documented

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

the condo declaration describes if parking space are assigned owner rented or exclusive use

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

when buyer submit deposit it ultimtely form part of the funds for closing

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

damage to several manufacturing machine

A

the seller has the risk and is responsible for all pre-closing damage to the property and all items being purchased

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

damage to several manufacturing machine

A

the seller has the risk and is responsible for all pre-closing damage to the property and all items being purchased

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

a buyer can take occupancy prior to the completion of the transaction this need to be negotiable with the buyer and seller … buyer will be responsible for pro-rated

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

include an appropriate condition to allow the buyer adequate time for rezoning application

A

including a reasonable time period for the condition to be filled since it can be time consuming

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

leave the space blank in title search clause

A

the present use may be lawfully continued

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

leave the space blank in title search clause

A

the present use may be lawfully continued

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

any alternation to exclusive use common element must obtain board of director approval

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly