During which phase is there communication with buyers regarding occupancy?

Prepare for the Ontario Condominium Management License Test with flashcards and multiple choice questions, each equipped with hints and explanations. Get ready for success!

The phase in which there is communication with buyers regarding occupancy is Stage 3. This stage typically involves the developer actively engaging with buyers about the readiness of the condominium units for occupancy, including information on move-in dates and any requirements that need to be fulfilled by the buyers prior to taking possession. Clear communication is crucial during this time to ensure that buyers are well-informed and prepared for the transition to ownership and occupancy.

In the context of condominium management, effective communication during this phase aids in establishing a good relationship between the developer and buyers, as well as helping to manage expectations and addressing any questions or concerns that may arise regarding the occupancy process.

Other options, such as the Turnover Meeting, usually focus on transferring control from the developer to the new condominium board and may not specifically address individual buyer occupancy communication. Stage 4 typically involves post-occupancy considerations, while the Financial Audit phase deals with reviewing financial statements and management performance rather than occupancy issues.

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