Which of the Following Statements Is FALSE? When Purchasing a Condominium

question 10

Multiple Choice

Which of the following statements is FALSE? When purchasing a condominium a buyer should make sure they are aware of

• A)the by-laws the condominium board has passed
• B)the right of the condominium board to fine owners for certain behaviours
• C)the contingency fund that the condominium board has set up for repairs
• D)the number of other owners of condos who have very large mortgages on their units
• E)the monthly maintenance fees and possible changes to the fees proposed for the future

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