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Presentation/PPT
27/08/2022
Assignment 5 Instructions This assignment should be done after studying Unit 9 and completing the quiz for that Unit. It is worth 10% of the final course mark. Find online a listing of commercial or industrial (not residential) real estate (land or land plus building) for sale in Canada. Do not use the sale of a business unless the business includes land or land plus building which is owned (not leased) by the business. Use a freely accessible site such as MLS Listings (http://www.icx.ca/index.aspx). Read the listing and any linked information carefully and then copy the link to that listing and paste it at the beginning of your submission. Assume that: you are a potential purchaser of that property for the purpose of operating a different business than it is currently being used for you will rely on mortgage financing which you have not yet obtained. Are there any precautions you would take to investigate the property? Explain what they might be and why they would be done. How are the steps to be taken affected by the location of the property in Canada? If you decided to proceed what special terms would you want added to the agreement of purchase and sale? Explain their purpose and function. Assuming everything goes well, what steps would be taken to close the sale? How are the steps to be taken affected by the location of the property in Canada? Marking Rubric Marking Criteria Comments Mark Provides a working link to a listing of a commercial or industrial property for sale in Canada /10 Identifies the location of the property and explains why and how this matters for the steps to be taken in a real estate sale in Canada /15 Identifies typical concerns for a purchaser having regard to the proposed change of use and any particularities of the property in question, and explains the precautions a prospective purchaser would take as a result, applying the effect of the location of the property where relevant /25 Based on the facts given about the purchaser and their situation identifies one special term to be put in the agreement for sale and explains its purpose and function /10 Based on the facts given about the purchaser and their intentions identifies another special term to be put in the agreement for sale and explains its purpose and function /10 Explains what consequences the location of the property has for the process of transferring title /10 Lists and explains the appropriate steps to take in closing the sale /20 Total /100 Note: Your submission will be returned unmarked for further work if the link is not working when received by your tutor for marking. When ready, upload your submission for marking using this webpage. TOP Submitting your assignments Available from: Monday, 8 June 2009, 1:40 PM MDT Use the Add submission OR Edit submission button below to upload your completed assignment file(s). Remember to click the Save changes button after uploading files The maximum upload file size is 750MB You can upload a maximum of 3 files Remember to click the Submit assignment button after you upload your assignment file(s), enter your online text or record your audio file. Need additional help?
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