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When a property assessment of a new commercial property has not been completed prior to...

Humber College PREX-1060A Full Course Access
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When a property assessment of a new commercial property has not been completed prior to its resale, what should a salesperson do to protect the buyer?

A.

Include the current tax assessment as a schedule of the agreement.

B.

Ensure the offer contains a clause requiring the seller and the buyer to share the property taxes to be assessed for the next three years.

C.

Ensure the offer contains a clause allowing for compensation for adjustments to the property taxes.

D.

Get a letter from the seller to guarantee a maximum amount of realty tax payment in the coming year.

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