When you purchase a Vancouver property you are given a copy of the title to review prior to making a firm commitment to buy. I always suggest to my buyer clients that they have a lawyer review the title and explain the charges on it.
What's Registered on the Title of a Vancouver Home?
The legal description of a property, including:
• the parcel identification (PID);
• taxation authority;
• registered owner and their address;
• the title number;
• the previous title number;
• legal notations against the property (may include heritage);
• charges, liens and interests (under-surface rights, rights of ways, covenants, judgments);
• whether a duplicate title has been ordered and by whom, and
• transfers and pending applications
What is not registered on title of a Vancouver Property?
• Archaeological sites.
• Former grow ops and illegal drug labs.
• Heritage designations (not always on title).
• Highway entitlements.
• Stigmatized property.
• Streamside issues – if there are fish-bearing ditches or creeks on the property.
• Underground fuel storage tanks.
How to Discouver the Facts about a Vancouver Property?
• The City of Vancouver confirms if a property has been used as a grow op or illegal drug lab to anyone phoning
604.871.6231. The City does not provide the owner’s name in keeping with privacy legislation.
There is a BC Heritage Sites Inventory. Information about its properties comes from local governments, so start there first.
• Check the BC Archaeological Site Inventory at
www.for.gov.bc.ca/archaeology/accessing_archaeological_data/index.htm.You can also phone: 250 953-3338.
• Search the BC Government’s Contaminated Sites Registry which lists some contaminated sites. It is available through
www.bconline.gov.bc.ca.(Go to Products). There is a charge to access the database.
Buying or Selling a Vancouver property? Put my hyper-local experience to work for you!
Call Maggie today! 604-328-0077