Best Business Lawyers in Sylvan Lake, AB

An RPR is a Real Property Report created by a professional Land Surveyor. The RPR is to show the state of all improvements on the property including the buildings, decks and fences. If you are selling your home, most contracts require the Seller to provide a CURRENT RPR. Do take a close look at the RPR you have on hand to make sure it is in fact accurate. Often you can negotiate that you will provide the existing RPR which may not show a shed or fence for example. The RPR needs to come with a Certificate of Compliance from the municipality to confirm that all improvements on your property are in compliance with municipal bylaws.

Title insurance is an insurance that protects property owners and their lenders against the risk that the property being purchased is not in compliance with municipal bylaws. It does not protect known defects, nor does it protect you from defects you create. We also use Title Insurance in order to cover the gap in time between the date your deal is closing and the date the transfer of land or registration of security actually occurs. Some lenders require title insurance as a condition to advance funds, others may not if an accurate Real Property Report with proof of Municipal compliance can be ordered. As a Seller or Buyer, often title insurance is used with an existing real property report and compliance that is not up to date due to a minor change such as a fence, shed or deck.

A Personal Directive is an instruction to the person you appoint as your Agent to manage your personal decisions if you are alive, but no longer have the capacity to manage your own decisions relating to your health and well being. For more details to consider, please download our Wills Questionnaire.

An Enduring Power of Attorney is an instruction to the person you appoint as your Attorney to mange your financial affairs if you are alive but no longer have the capacity to manage your own financial affairs. For more details to consider, please download our Wills Questionnaire.