There are some things the Courts always expect you to check when listing a property for sale
These include the physical features of the property and its legal and financial characteristics
Measure and confirm:
Floor area and room sizes
Any recent construction, renovations or improvements
Necessary building permits obtained?
Any builder’s liens made or threatened?
Legal and Financial Characteristics
Surface search or State of Title Certificate ordered
Confirm location and size of property from Land Title Office or Municipal plans
Are there mortgages , liens, judgments or other financial charges outstanding of the property?
Confirm with lender the outstanding balance
owing under the mortgage and if it can be
assumed by the buyer
Easements, Rights of Way, Restrictive Covenants
Is there anything on title that could restrict a
buyer’s use of that property?
If so, get a copy of the registered charge
and read it
Recommend buyer obtain legal advice as to
terms of such liens
Review the By-Laws for restrictions
Get from the Strata Corporation official
whether there are:
Any special assessments voted on or
Any pending rules or strata by-law
amendments which may alter the uses of the property
Get details of any tenancies from seller
Rental security deposit
Confirm current zoning status
Get a copy of most recent property tax assessment
Basic Practice For Measuring Living Area
Measurements are taken from the outside surface of the exterior walls for detached houses . Townhouses are measured from the centre line of the party walls and the outside surface of exterior walls.
Semi-detached and end units of townhouses are measured from the outside surface of exterior walls and the centre line of party walls
Prior to taking any measurements of the structure, first prepare a rough outline sketch or layout of the perimeter of the building. Indicating all dimensions of this sketch will serve as a check when comparing the front width dimension to the rear width and similarly, when comparing the two length dimensions.
Living area includes the square area of all utility rooms, storage areas and cupboards, located on the same level(s) as the main living area(s)
The following should not be considered or included as being part of the living area of residential buildings:
cold rooms in basements
Remember Check with your local Real Estate Board and Real Estate Council for any Rules and Regulations that they may have.