module 10-11

Question 1

agreement purchase and sale

Answer 1

TSSA approved contractor

Question 2

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

Answer 2

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

Question 3

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

Question 4

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

Question 5

damage to several manufacturing machine

Answer 5

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

Question 5

damage to several manufacturing machine

Answer 5

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

Question 6

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

Question 7

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

Answer 7

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

Question 8

leave the space blank in title search clause

Answer 8

the present use may be lawfully continued

Question 8

leave the space blank in title search clause

Answer 8

the present use may be lawfully continued

Question 9

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