Question
Naomi is thinking of purchasing a condominium. She has obtained a copy of the rules and regulations and reviewed the bylaws registered at the land
Naomi is thinking of purchasing a condominium. She has obtained a copy of the rules and regulations and reviewed the bylaws registered at the land title office. She has more questions about the strata corporation and she asks Tina, the licensee, how she can get this information. Tina suggests that Naomi request an Information Certificate in Form B from the strata corporation. Which of the following questions would NOT be answered by the Information Certificate?
1.(1)What is the amount in the strata corporation's contingency reserve fund?
2.(2)Are there any legal proceeding spending against the strata corporation?
3.(3)ArethereanyjudgmentsregisteredagainstthestratalotNaomiisthinkingofpurchasing?
4.(4)Are the expenses of the strata corporation for the current fiscal year expected to exceed the expenses budgeted?
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