How much does a real property report cost in Calgary?
A basic Real Property Report in Calgary starts at approximately $550 and will cost more for estate-sized homes and larger lots. An RPR generally takes about 2 weeks to complete, although most companies offer a 7 day “rush” for an extra $200.
What is a real property report Calgary?
A Real Property Report (RPR) is a legal document that illustrates the location of significant improvements relative to property boundaries. It is a requirement of most real estate transactions in Alberta. An RPR identifies: any encroachment from adjacent properties.
How do I get an RPR in Alberta?
How can I get a Real Property Report updated? In many cases, it is more economical to update an existing Real Property Report. Contact the Alberta Land Surveyor who did the original Real Property Report. The Alberta Land Surveyors’ Association does not have records of who did any individual Real Property Reports.
How long is an RPR valid?
How long is an RPR valid? A Real Property Report (RPR) is valid until there has been a change on the property or adjoining property or the local regulations or requirements change. Changes can include new or modified fences, decks, driveways, garages, or additions or a change in title.
Do you need a real property report to sell a house in Alberta?
In the Province of Alberta, a Real Property Report (RPR) is a required part of the standard Multiple Listing Service (MLS) real estate purchase sales contract.
What is the cost of a real property report in Alberta?
At Typical Residential report costs around $500.00 and up. Alberta Land Surveyors’ Association – who are Alberta Land Surveyors? Alberta Land Surveyors are professionals – current standards require a university degree followed by an articling period and a series of professional examinations.
How long does it take to get a real property report in Alberta?
Online applications for commercial/industrial/multi-residential properties will receive a response within 14 days. For an additional fee you can request an expedited timeline of 7 days.
Is a real property report required in Alberta?
Do I need a real property report to sell my house in Alberta?
How much is a real property report in Alberta?
You may want to know where to get one. Here is a list of surveyors in the Lethbridge area that will provide you with a Real Property Report. The cost is about $600-650, and you will likely also need a letter of compliance from the City of Lethbridge which is about $150.
What is the difference between an RPR and title insurance?
The Real Property Report is just that – a report. It doesn’t provide you with any coverage, but it does provide you with valuable information. With title insurance, the story is the opposite. You really aren’t learning anything about your property, but you are getting coverage in case something comes up down the line.
Who pays for Real Property Report in Alberta?
The typical seller representation agreement used in Alberta requires sellers to provide a current RPR to the buyer, unless otherwise agreed to by the buyer. In most transactions, a buyer’s lender and lawyer require a current RPR to complete the transaction.