Real Property Reports - TGCI
Overview:
Real Property Reports (RPR) are vital legal documents that showcase visible improvements and the precise positioning of structures concerning property boundaries. They are instrumental in resolving potential compliance issues before property transactions are finalized.
Benefits:
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Issue Identification: Uncover and address property discrepancies before sales completion.
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Dimensional Accuracy: Ensures buildings and improvements are accurately plotted against property boundaries.
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Peace of Mind for Buyers: Confirms property dimensions align with municipal bylaws and legal descriptions.
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Financing Aid: Facilitates smoother home financing processes.
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Transaction Streamlining: Simplifies property sales when RPRs are procured beforehand.
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Avoid Transaction Delays: Early acquisition of RPRs helps bypass holdups in sales processes.
Who Requires an RPR:
Both commercial and residential property transactions in Alberta typically mandate an RPR for completion.
Protection Through RPR:
An RPR safeguards your investment by identifying boundary-related issues, such as encroachments, ensuring properties comply with local regulations and fostering good neighbourly relations.
Contents of an RPR:
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​Positions of dwellings/outbuildings concerning property lines.
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Notable improvements within the property boundary encroachments.
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Easements, covenants, and utility rights-of-way.
Municipal Compliance:
The municipality assesses the RPR, granting compliance endorsements or indicating rejections based on bylaw adherence. This enables property owners to rectify any issues before property sales.
To mitigate transaction delays and compliance-related problems, we recommend arranging your Real Property Report as early as possible.