certificate of location ,What is the purpose of it ?
certificate of location
You want to sell or buy a house, an Condo , a commercial or industrial building?
You will certainly need a certificate of location to inform you of the current status of the property and its compliance with the various laws and regulations.
WHAT IS A CERTIFICATE OF LOCATION EXACTLY?
It is a document prepared by a land surveyor who is an active member of the professional order in your province.
The certificate of location is a document comprising a report and a plan stating the land surveyor’s opinion on the current situation and state of a property.
What does a Certificate of Location include?
It contains numbers, such as
the dimensions of the land and buildings, the number of floors of the property and its structure. But it mostly contains the general plan of the property: location of the land and pool, cadastral data, limitations, encroachments, servitudes (utility corridor), and the geographical position …..
in fact , if the buyer is not satisfied with the non-conformity of the certificate of location he/she may quit the deal by following the rules.
The certificate of location is a private document of confidential matter and is only shared with the client and concerned parties.
This document is often asked for by the legal advisor (notary, lawer), the bank, the municipality for permit emission, the buyer or the seller of a property.
Who’s job is it to pay for the land surveyor services for a certificate?
The selling owner is responsible for assuming the cost of the certificate. The price will vary depending on multiple factors.
but if the buyer requires the making of a new certificate, as part of his promise to purchase, and that the new certificate does not reveal any change compared to the previous certificate, its making shall be borne by the buyer.
The certificate of location can be requested by the seller or the buyer, as well as by:
- A notary
- A lawyer
- A municipality
- A real estate broker
- A creditor
It is rare that the real estate broker does not inform the buyer that they require a certificate of location, however, in the case of private sales, it can happen that the buyer will purchase a property without an up to date certificate,
Is it possible to use insurance instead of a place certificate?
title insurance has limits. For example, it does not cover problems with fences, hedges, or with violations of environmental protection laws and regulations.
Title insurance will not protect you against these problems, which would have been revealed by a certificate of location.
How long does a certificate of location remains valid?
first , A certificate of location does not have a predetermined lifespan . Generally speaking, it’s valid for a period of 5 to 10 years.
Even if your certificate reflects the current status of the property, it’s best to hire a land surveyor to draw up a new one. The notary will ask for it as part of their due diligence.
When surveyors produce a certificate of localization, they check the laws and by-laws in effect in that municipality. These may have changed since. It is therefore important to have an up-to-date document.
Any change on a property (fence, shed, extension, asphalt, patio, terrace, etc.) or in the applicable legislation could make the certificate of location obsolete.
On average, a Certificate of Location for a single-family home in the city will cost you approximately $1,300 (plus tax).
The Bottom Line
If you have questions at any stage of the transaction process, your real estate broker is the best qualified professional to provide you with guidance and advice.
Put your trust in our team’s expertise and get the best protection possible
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