Answer: The information that a salesperson would not require when drafting an offer to purchase a resale common elements condominium with a parcel of tied land is (D), The zoning bylaw for the condominium.
Explanation: A common elements condominium is a type of condominium corporation that consists of only common elements, such as roads, parks, or amenities, that are shared by the owners of freehold properties that are tied to the condominium. These freehold properties are called parcels of tied land (POTLs), and they cannot be sold or mortgaged separately from the common elements. When drafting an offer to purchase a resale common elements condominium with a POTL, a salesperson would require the following information:
A) The property description and the legal name of the condominium corporation. This is necessary to identify the property and the condominium corporation that governs the common elements.
B) The legal description of the parcel of tied land. This is necessary to identify the freehold property that is tied to the common elements and to verify its boundaries and encumbrances.
C) The amount of common expenses and what services are included. This is necessary to determine the monthly fees that the buyer will have to pay to the condominium corporation for the maintenance and repair of the common elements, and what services are covered by those fees.
D) The zoning bylaw for the condominium. This is not necessary because there is no zoning bylaw for the condominium itself, as it consists only of common elements. The zoning bylaw that applies to the POTL is determined by the municipality where it is located, and it may vary depending on the type and use of the property. Therefore, a salesperson would not need to know the zoning bylaw for the condominium when drafting an offer to purchase a resale common elements condominium with a POTL.
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