Hotel Strata Lots, Leased Land Cooperatives and Other Forms of Real Estate
In Hotel Strata Lots, Leased Land, Cooperatives, and Other Forms of Real Estate, REALTORS® will study subdivisions and strata developments, shared interests in land, life leases, cooperatives, hotel strata developments, and timeshares.
By the end of this course, learners will be able to provide an overview of the features and characteristics of subdivisions and strata developments, including what information is necessary for buyers to make an informed decision. REALTORS® will also understand the legal and practical characteristics of shared interests in land, life leases, cooperatives, and hotel strata developments. REALTORS® will know whether the structure of the development allows owners to have input into the rules and bylaws or the enforcement of those rules and bylaws or the assessment of fines.
This course utilizes case law and examples from various types of developments to explore many issues that may arise regarding the approval for or operation of these developments.
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