Real Property Report
What is a Real Property Report (RPR)?
A Real Property Report (often referred to as an RPR) is a plan or illustration of the physical features of a specific property. An RPR is a legal document that clearly illustrates the boundaries of a property and the location of improvements relative to the property boundaries. An improvement is any visible structure of a permanent nature, constructed or placed on, in, or over the land including buildings, garages, sheds, and fences.
Do I need an RPR to sell my home?
Some real estate purchase contracts require sellers to provide a current RPR with evidence of municipal compliance as part of their obligations to the buyer. This RPR assists the seller and the buyer in the following ways:
SELLERS are requested as part of the transaction to warrant certain information about their property which can only be confirmed by having a current RPR with municipal compliance to reference.
BUYERS want to view the RPR to confirm the boundaries of the property, if all improvements comply with municipal requirements, and if they are assuming any potential issues regarding municipal compliance. A current RPR can help them identify possible issues with improvements made, their impact on the adjacent properties, and/or any municipal compliance issues that need to be addressed.
LENDERS may require the buyer to provide a current RPR with evidence of municipal compliance as a condition of the financing. Prior to advancing any funds, the lender will want to be aware of any conflicts the property may have with municipal regulations which may need to be resolved before signing any mortgage commitment.
Can I use the RPR I received when I purchased the property?
If there have been no changes to your property (such as additions or improvements) from the time the last RPR was prepared, you may be able to use this RPR. If there have been changes such as the addition or change to a deck, fence, shed or garage, you will most likely require a new or updated RPR. This must also be sent to the municipality to be approved for municipal compliance.
Who prepares an RPR?
In Alberta. RPRs are prepared by qualified land surveyors. The RPR also includes a written statement detailing the land surveyor opinion or concerns about property boundaries or structures. If a new or updated RPR is required, a seller should contact the land surveyor that prepared the original RPR. If the surveyor still has records of the original survey, there may be a cost savings to have them update it rather than prepare a brand new RPR.
When should I get my new or updated RPR?
As soon as possible - preferably prior to listing your property for sale.