Property

Why do i need a real property report?

A Real Property Report is necessary to determine compliance with municipal bylaws. A municipality reviews and endorses the Real Property Report and indicates if the improvements meet the requirements of the local bylaws. The property owner can then resolve any outstanding issues identified by the municipality.

Is a real property report mandatory in Alberta?

Real estate transactions almost always require a current Real Property Report (RPR). An RPR is a legal document an Alberta Land Surveyor prepares. It’s basically a high level drawing of the property, the boundaries, and the buildings and structures on it, so buyers know exactly what they’re buying.

How much is a real property report in Alberta?

Prices can vary widely, depending on the surveyor and size of property. A basic Real Property Report in Calgary starts at approximately $550 and will cost more for estate-sized homes and larger lots. An RPR generally takes about 2 weeks to complete, although most companies offer a 7 day “rush” for an extra $200.

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How long is a real property report valid in Alberta?

A Real Property Report (RPR) is valid until there has been a change on the property or adjoining property or the local regulations or requirements change. Changes can include new or modified fences, decks, driveways, garages, or additions or a change in title.

What is a real property report Calgary?

A Real Property Report (RPR) is a legal document that clearly illustrates the position of the building in relation to the property lines and municipal bylaws.

What is the difference between an RPR and title insurance?

The Real Property Report is just that – a report. It doesn’t provide you with any coverage, but it does provide you with valuable information. With title insurance, the story is the opposite. You really aren’t learning anything about your property, but you are getting coverage in case something comes up down the line.

How long is an RPR good for?

Duration: As long as the RPR shows the current and most recent status of the property with evidence of the municipal compliance, it is valid and reliable for even 10 years if no new amendments are made.

What is included in a real property report?

It takes the form of a plan or illustration of the various physical features of the property, including a written statement detailing the surveyor’s opinions or concerns. It can be relied upon by the buyer, the seller, the lender and the municipality as an accurate representation of the improvements on your property.

How much is a RPR in Alberta?

On an average, a fresh RPR in Calgary should cost you about $500 to $750, plus taxes. If you already have an obsolete RPR, then it’s recommended to get it updated for a lower cost. This cost of updating the document depends on the number of changes that have been made since the previous RPR.

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How do I get a real property report in Alberta?

In many cases, it is more economical to update an existing Real Property Report. As a service to the public, the ALSA has initiated a RPR index for Alberta. Go to www.rprindex.ab.ca to enter any address to see which survey firms have performed an RPR on the property.

Who does real property reports in Edmonton?

A RPR is exactly as it sounds; it is a legal document prepared by a land surveyor. In Edmonton that Report is conducted by the Alberta Land Surveyor to clearly define the property boundaries.

When you sell a house do you need a survey?

Whilst it’s possible to arrange a survey prior to making an offer (if the property owner is in agreement), it’s rarely necessary since any offer to buy or sell a property is not legally binding until signed contracts have been exchanged and the buyer’s deposit is paid (usually around 10% of the purchase price).

How do I get my RPR in Calgary?

You need to have a survey, have it looked at by the city to make sure it follows the bylaws, and then get a compliance stamp. Most survey companies offer a service where they can take your RPR to the city for an additional fee; this can save you the hassle of needing to figure out this process yourself!

What is the significance of a municipal certificate of compliance?

What is a Compliance Certificate? A Compliance Certificate is a letter issued by the Municipality confirming that the location of buildings on a property conforms to the requirements of the Land Use Bylaw in terms of siting, coverage and setbacks.

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How do you read a real property report?

Does shed need to be on RPR?

RPRs do not need to include sidewalks, driveways, landings, or small sheds; A removal of an improvement does not require a new RPR; and. All fences must be shown on the RPR.

What is a RPR in real estate?

Understanding RPRs In Alberta There is a lot of misunderstandings surrounding Real Property Reports (RPRs) in Alberta. Not seeing one before you contract to buy a home can cause problems. Not having one when you sell your home can cost a seller the deal and more.

What is title insurance in lieu of RPR?

Title Insurance covers issues that are not shown on the Real Property Report such as losses related to municipal issues such as outstanding work orders, permits, tax arrears, builder’s liens, and fraud.

Who can prepare RPR?

How is a Real Property Report prepared? A registered Alberta Land Surveyor is the only individual who can legally prepare an RPR.

Is an RPR required in Alberta?

In the Province of Alberta, a Real Property Report (RPR) is a required part of the standard Multiple Listing Service (MLS) real estate purchase sales contract.

How do I find out who owns a property in BC?

Take the PID to the BC Land Title Office in New Westminster, Kamloops or Victoria or contact them by mail and have them conduct a title search on the property. The title search will give you the name registered as the property’s owner.

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