Act Which of the following is an accurate statement regarding the assignment of a residential lease under the Residential Tenancies Select one answer. Under an assignment, the original tenant remains liable to the landlord for the full length of the term Under an assignment, the tenant transfers their right to occupy the unit to another person or persons Under an assignment, the landlord cannot refuse consent for an assignment for any reason whatsoever. Under an assignment, the original tenant has right to re- occupy the rental unit once the assignment has expired. A buyer is viewing an apartment unit in an old condominium building with their salesperson. A friend of the buyer who stays in the same building mentions to them that the previous owner caned out several alternations to the unit. The buyer asks the salesperson if they need to be concerned about the legality of the alternations. Which of the following is an accurate statement about alterations made by the previous owner? Select one answer. The alterations are not a concern because they were inside the unit and not in the common area. The alterations may be a concern if the owner alternation were done without the condominium corporation's written consent. The alterations may be a concern but an inspection clause in the agreement can protect the rights of the buyer. The alterations are not a concern because the status certificate will show if the alterations were done in compliance with the condominium corporation's bylaws. W

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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Act
Which of the following is an accurate statement regarding the assignment of a residential lease under the Residential Tenancies
Select one answer.
Under an assignment, the original tenant remains liable to
the landlord for the full length of the term
Under an assignment, the tenant transfers their right to
occupy the unit to another person or persons
Under an assignment, the landlord cannot refuse consent
for an assignment for any reason whatsoever.
Under an assignment, the original tenant has right to re-
occupy the rental unit once the assignment has expired.
Transcribed Image Text:Act Which of the following is an accurate statement regarding the assignment of a residential lease under the Residential Tenancies Select one answer. Under an assignment, the original tenant remains liable to the landlord for the full length of the term Under an assignment, the tenant transfers their right to occupy the unit to another person or persons Under an assignment, the landlord cannot refuse consent for an assignment for any reason whatsoever. Under an assignment, the original tenant has right to re- occupy the rental unit once the assignment has expired.
A buyer is viewing an apartment unit in an old condominium building with their salesperson. A friend of the buyer who stays in
the same building mentions to them that the previous owner caned out several alternations to the unit. The buyer asks the
salesperson if they need to be concerned about the legality of the alternations.
Which of the following is an accurate statement about alterations made by the previous owner?
Select one answer.
The alterations are not a concern because they were inside
the unit and not in the common area.
The alterations may be a concern if the owner alternation
were done without the condominium corporation's written
consent.
The alterations may be a concern but an inspection clause
in the agreement can protect the rights of the buyer.
The alterations are not a concern because the status
certificate will show if the alterations were done in
compliance with the condominium corporation's bylaws.
W
Transcribed Image Text:A buyer is viewing an apartment unit in an old condominium building with their salesperson. A friend of the buyer who stays in the same building mentions to them that the previous owner caned out several alternations to the unit. The buyer asks the salesperson if they need to be concerned about the legality of the alternations. Which of the following is an accurate statement about alterations made by the previous owner? Select one answer. The alterations are not a concern because they were inside the unit and not in the common area. The alterations may be a concern if the owner alternation were done without the condominium corporation's written consent. The alterations may be a concern but an inspection clause in the agreement can protect the rights of the buyer. The alterations are not a concern because the status certificate will show if the alterations were done in compliance with the condominium corporation's bylaws. W
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