Buying Real Property And The Title Search The title search is one of the most important components in
looking at a property before you buy it. The Province of
Ontario maintains records regarding every piece of property and
these records affect what you are buying. A title search
speaks to a number of specific issues that affect the
property. First and foremost, it will tell you who owns the
property, so you know who you should be dealing with to prepare an
agreement of purchase and sale. Secondly, the title search
will give you information about the nature of the property.
This will include information on the size of the property, previous
ownership of the property (for example, you will want to know that
forty years ago the property was used as a gas station), and what
currently affects the title of the property. This may sound
like "legalese", but, for example, the title search will
tell you if there are mortgages registered on title that will need
to be paid out prior to closing. This may have some bearing
on your purchase price. For example, if a mortgage is
outstanding on title, it could show that the seller owes more money
than you are offering to pay for the property, and this may create
a problem. Further, there may be items registered on title
that suggest that the seller is in trouble with the property.
These may include notices of sale for unpaid municipal taxes or
construction liens. Both of these items will certainly affect
how the seller approaches the agreement of purchase and sale. Read the full article -
Buying Real Property And The Title Search Reserve Land Tenure: An Introduction 6.5 million acres (2.7 million hectares or 26,304 km²) is
the total estimated land reserves that First Nations
("FN") hold. This land is integral to FN social,
cultural and political life, as the remaining land base of
Canada's First Nations. It also represents an enormous
economic asset. These lands contain vast amounts of arable soil,
hydro resources, commercial lumber, oil and natural gas deposits,
minerals and gemstones. A number of reserves also have the
added benefit of "location". Many are in close
proximity to major cities such as Vancouver, Edmonton, Calgary and
Montreal, as well as other key economic centres like Kamloops,
Kelowna and Courtenay-Comox. Read the full article -
Reserve Land Tenure: An Introduction The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Contents
By:
Steven R. Willard
By:
Cam CameronFirst Nation Land and Development
ARTICLE
27 March 2012
Real Estate & Urban Development @ Gowlings: March 20, 2012
The title search is one of the most important components in looking at a property before you buy it.