Surveyor’s Real Property Report
Key Features
A survey plan and report indicating the locations of property features (house, shed, fences) relative to the property lines.
This plan shows what the purchaser is buying and reveals any easements, encroachments or other encumbrances.
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.
