Real Property Reports are an important part of Real Estate transactions in Alberta and have been for more than 50 years. They are a normal requirement of the listing contracts in all MLS sales. Early preparation of a Real Property Report significantly speeds up the Real Estate transaction.
The Real Property Report (RPR) is a legal document prepared by a registered Alberta Land Surveyor. It features a detailed plan showing the visible improvements on a property relative to the property boundary. A municipality will review the RPR and indicate if the improvements meet the requirements of the local bylaws. This review is known as the Application for a Certificate of Compliance.
It is best to have the RPR prepared with the listing, instead of waiting until the end of the transaction. Depending on how the report reads, the owner may require assistance and time in dealing with any potential issues.
When writing an offer to purchase, a condition may be added requiring the seller to provide an updated RPR. This will ensure the purchaser knows exactly what they are buying, and it adheres to the local Land Use bylaws.
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