Reat Estate Assignment Questions
1.John Doe owns his spacious condo in fee simple and paid off his mortgage, may John Doe have a 100 pound dog in his condo? May he keep a BBQ grill on his balcony? How can he find out the answers to these questions?
2. Erik bought a condo unit at new building Downtown that has three amazing swimming pools. Erik decides to have a party at one of the swimming pools and he tells the other unit owners that they cannot use the pool where he is having the party. Is Erik right? Why or Why not? Who owns the swimming pool?
3.Sophia just signed a contract and made a deposit to buy a brand new unit in a building on Brickell from the Developer. Sophia signed the Sophia just signed a contract and made a deposit to buy a brand new unit in a building on Brickell from the Developer. Sophia signed the receipt of condominium document today Wednesday March 5, 2014. What is the last date that Sophia may rescind her contract and receive her full deposit back?
4. Billy just signed a contract and made a deposit to buy a condo from Mike, the previous owner of the condo. Billy singed the receipt of condominium document today Wednesday March 5, 2014. What is the last date that Billy may rescind his contract and receive his full deposit back?
5. Carla is buying a condo and wants to understand the difference between maintenance fees and assessment fees. Please explain this to Carla.