Mary owns a 4-unit apartment building and is selling one unit as a condominium conversion. She has never lived in the unit being sold but has owned the building for 10 years. What are her SPDS obligations?
Correct Answer
B) Must complete SPDS based on her knowledge as property owner
As the property owner for 10 years, Mary must complete the SPDS based on her knowledge of the property's condition, even though she never personally occupied the specific unit. Her ownership and management of the building provides sufficient knowledge for disclosure purposes. Option A is incorrect because this is now a residential sale requiring SPDS. Option C is incorrect because the SPDS covers the specific unit being sold, not just common areas. Option D is incorrect because only the seller can complete the SPDS, not former tenants.
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