Surveyor’s Real Property Report
Key Features
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A survey plan and report indicating the locations of property features (house, shed, fences) relative to the property lines.
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This plan shows what the purchaser is buying and reveals any easements, encroachments or other encumbrances.
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Commonly used for Real Estate Transactions and Mortgages.
Who needs a (SRPR) Surveyor’s Real Property Report?
Property Owner (purchaser), to ensure that;
- The extent of the property being purchased is the same as described in the Offer to Purchase.
- The boundary location is known and the deed describes the property accurately.
- Pertinent fences, trees, buildings, driveways, additions and improvements, etc. are sited in accordance with municipal by-laws and within the boundaries.
- Others are not entitled to partial use of property through easements or rights-of-way.
- The mortgage will proceed without delays.
- Future projects will not be impeded by the inability to locate the property limits or acquire a building permit.
Property Sellers (vendors), to provide;
- Confidence in the purchase for the buyer by verifying the size and extent of the property.
- Protection from potential lawsuits resulting from problems related to property boundaries and improvements.
Realtors, to provide;
- A visual representation of the property for sale.
- Information to avoid delays in completing property transactions.
- Protection from potential lawsuits resulting from misrepresentation in the Offer to Purchase related to property boundaries and improvements.
