25/03/2024
What role does the syndicate of co-owners play in a real estate transaction?
For real estate transactions involving a divided co-ownership, one might assume that the parties only include the seller, the buyer, their respective real estate brokers and the notary who will finalize the transaction at the end of the process. However, the syndicate of co-owners also plays a key role in the transaction. By fulfilling their obligations, the board will allow the promisor to obtain all relevant information to make their decision, and the parties to the transaction can ensure that the promisor is able to give enlightened consent....