true or false Flashcards
(48 cards)
intensification
involves the increase availability of housing stock and the most effective se of existing municipal service
built in shelving if not identified in the agreement of purchase and sale would be deemed included
office building
should be income approach
signage on the front of a retail condo unit may be a common element that is for the exclusive use of a particular unit owner
direct comparison approach
apprised bases a value estimate on how much an informed buyer would pay for an existing property with e same utility
condo corporaiton
can recover legal costs when pursuing the unit owner regarding the non-payment of common expense
based on this indormation
the buyer intended use doesn’t match the light industrial use
based on this indormation
the buyer intended use doesn’t match the light industrial use
brownfield
provide a measure of environmental liability protection for land developers dealing with abandoned properties
live load requirement
found in Ontario building code
bay depth
is an unobstructed area between the load bearing wall and row of supporting columns within the building
cash flow
operation cash flow and sale proceeds cash flow
present use is not reuired under title search clause but is recommended to better protect buyer intrest
lenders often require phase 1 environmental assessment for industrial property
if an remuneration agreement is not established with the landlord, the tenant would typically be required to play the entire remuneration
the tenant is typically responsible for any deficiency between the agreed remuernation and the amount paid by the landlord
NOT CORRECT
the remuneration must be paid prior to the tenant taking occupancy
NOT CORRECT
the remuneration must be paid prior to the tenant taking occupancy
the landlord has pivity of contract with original tenant
there should be a breakdown of the value of asset
written contact is not legally required to create a working relationship– but it is preferred for independent contractors
saleperson in larger commercial brokerages tend to be employee not independent contractors
partnership as such
if x make a decision during normal course of partnership business activity y would be liable
capital gain
buyer may be liable to pay non-resident seller capital gain tax
advantage of using trust as a form
defer inheritance taxes from a property passed down within a family
offical plan and zonning
municipality
