What is a Real Property Report (RPR) ?
In the legal sense, A real property report (or RPR as it will be referred to from now on) is a legal document that illustrates the location of significant visible improvements relative to property boundaries. In a simpler sense, a RPR defines the exact property lines and locations of any structures that have been built on the property.
RPR’s first came in to existance around 1989 in Alberta, although it wasnt widely accepted in the sale of house until 1994. Now, the sale of a home in Alberta must be accompanied by a RPR (or title insurance instead- which will be the topic of an upcoming blog). People often wonder how recent the RPR has to be – it depends on what the buyer asks for, but usually as long as there has been no new structures built on the property since the last RPR.
When the lawyer reviews the RPR, they will see it is either complying, or noncomplying. Noncomplying means that some structure/s are not built within property lines or up to satisfaction, and at that point its up to the agreement of buyers/sellers to determine whether changes will or will not have to be made.
A RPR will range in cost, but for an average lot with a single family house you can expect the cost to be anywhere between $600-$800. It can be completed by anyone that is approved by the Alberta Land Surveyors Association and takes about 2-3 weeks (unless a rush is put on at an extra cost….). Hopes that answers any questions you may have had about RPR’s.
