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RECA Residential Unit 7 Questions And Answers With Verified Solutions 100% Correct!!!
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RECA Residential Unit 7 Questions And Answers With Verified Solutions 100% Correct!!!
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RECA Residential Unit 7 Questions And Answers With Verified Solutions 100% Correct!!! under which Act/Law are all Alberta municipalities empowered to shape their communities? - ANSWER✔✔ MGA - The Municipal Government Act Which department is responsible for administration of the MGA? - ANSWER✔✔ Municipal Affairs is the department responsible for administering the Municipal Government Act MGA contains 3 key topics - ANSWER✔✔ 1. Assessment and Taxation 2. Governance and Admi nistration 3. Planning and Development When was the first (MGA) Municipal Government Act created? - ANSWER✔✔ in 1968, various pieces of municipal legislation were consolidated into the first MGA 3 types of municipalities - ANSWER✔✔ in general Urban, Rura l, Specialized. Other categories of governance include Special area, Metis settlements and Indigenous servers. population needed to qualify as a city - ANSWER✔✔ 10,000 Who governs cities? - ANSWER✔✔ A mayor, elected at large, and an even number of Counci llors or alderpersons govern cities. To avoid tie votes, there should always be an odd number of people on council. How many cities in Alberta? - ANSWER✔✔ 18 How many people and what percentage of the people of Alberta live in cities? - ANSWER✔✔ 2,839,822 people represent approximately 68% of the total population Min. people needed to make a town - ANSWER✔✔ 1000 Who governs a town? - ANSWER✔✔ a mayor and six councillors (unless otherwise specified) Min. people needed to make a village - ANSWER✔✔ 300 Who governs a village? - ANSWER✔✔ 3 councillors, one of whom is the mayor what are the municipal provisions for summer villages? - ANSWER✔✔ Same as villages, bu t summer village elections and annual meetings must be in the summer, plus only type of municipality where a person can vote twice in municipal elections. once in the summer village and once in the municipality where their permanent residence is. Min. peo ple needed to make a Hamlet - ANSWER✔✔ 5 or more What is a specialized Municipality? - ANSWER✔✔ unique structures formed without resorting to a special Act of the Legislature. Allow urban and rural communities to coexist in a single municipal government. 5 specialized municipalities in Alberta - ANSWER✔✔ Crowsnest, Jasper, and Wood Buffalo, Counties of Strathcona and Mackenzie How is a bare land condominium defined? - ANSWER✔✔ By the size of the lot the building sits on. A RPR identifies lot boundaries. The area within the boundary of the RPR, including structure, landscaping and garage, are owned by the unit owner. Areas outside the RPR boundaries are common property and owned by all unit owners What is Fractional Ownership - ANSWER✔✔ owning 1/4 to 1/13 th of a property with other individuals What is a HOA? - ANSWER✔✔ A home ownership association is typically registered on a fee simple title. Each property located within the HOA development or community has a separate title with a HOA caveat registered against it. mandatory membership and is based on each residence being part of a specific development or community. Usually requiring the owner to pay an annual or monthly HOA fee. How to know the difference between a condominium and a Home Ownership Associ ation (HOA)? - ANSWER✔✔ For an HOA a caveat is recorded on the title For Time Shares, what is the difference between Fee Simple Ownership and Right -to-use ownership? - ANSWER✔✔ Fee simple means they own the portion/weeks until they sell their ownership/or transfer it to another party. Right -to-use is for a set number of years ranging from 15 to 50 years. How do you find out if a property is a condominium? - ANSWER✔✔ Must search the certificate of title 3 types of Condominium Plans - ANSWER✔✔ Conventional, Bare land and Barely Blended Condominium Plans - Conventional - ANSWER✔✔ In a Conventional Condominium Plan, units are defined spaces within a structure. The interior finish on floors, walls, and ceili ngs, unless otherwise stipulated in the Legend on the Plan, distinguish the boundaries for units. Unit boundaries for Conventional Condominium Plans registered prior to January 1, 1979, are considered to lie in the centre of floors, walls, and ceilings. Al l areas not included in the units are considered as part of the common property. Condominium Plans - Bare land - ANSWER✔✔ In a Bare Land Condominium Plan, units are parcels of land. The boundaries for each unit within a bare land condominium plan are defi ned by the width and depth of each parcel of land. They are identified using survey monuments (e.g. steel pins, wooden stakes) placed on or under the ground. Although improvements (e.g. buildings, fences, roadways) may be added later, the boundaries for un its remain as the width and depth of each parcel of land as defined in the Condominium Plan. Unit owners of bare land condominiums possess and are responsible for all improvements fully or partly affixed to the land. There may be rules or bylaws governing these improvements. An associate should ensure that the buyer is aware of and understands the condominium corporation's bylaws and any rules. This is usually contained in the condominium documents provided by the seller. Bare Land Condominium Plans may or may not make provisions for common property. Condominium Plans - Barely Blended - ANSWER✔✔ A Barely Blended Condominium Plan divides bare land units into smaller units with boundaries defined by the space within a structure. Unit boundaries for this type of
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