Suneeta wants to buy a large commercial property called Blackacre from Horst. The property contains various types of buildings. It is currently used as a television studio. Suneeta wants to use it as an Internet telecommunications centre. Which of the following statements is true as a matter of risk management?
A) Suneeta should hire an appraiser to determine whether or not Blackacre is, from a technical perspective, suitable for her business purposes.
B) Suneeta should hire a surveyor to search the marketplace in order to ensure that no other suitable property is available.
C) Suneeta should hire an environmental auditor to ensure that the buildings are strong enough to withstand the worst weather conditions that might reasonably be expected to occur in the area.
D) Suneeta should hire a real estate agent to ensure that the land supposedly included within Blackacre does not encroach upon a neighbouring property.
E) Suneeta should hire an inspector to ensure that the property, and buildings located on it, are safe and sound.
Correct Answer:
Verified
Q20: Kate believed that she owned a piece
Q21: Zoe and Lucius are parties to a
Q22: Herschel borrowed $500 000 from Minah. As
Q23: A court has said that Pedrag holds
Q24: Stanislav contractually agreed to sell a piece
Q26: Which of the following statements provides the
Q27: A purchaser's lien
A) is usually found within
Q28: Pavla is the victim of mortgage fraud
Q29: A registry system and a land titles
Q30: Halle agreed to sell a piece of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents