land registry search
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Protect Yourself When Buying Property
While real estate is the same as other types of property in the sense that people own it and have the ability to use it in transactions, there are also some special complications involved with buying and selling it. If you're planning to purchase a piece of property, you should take care to make sure that you know exactly what you are getting into. Doing a title search BC does not take very much time or money, and it can help you to avoid a lot of problems down the line.
A Legitimate Purchase
People are not generally allowed to sell property if there are certain kinds of defects or restrictions on it. For example, someone who owes a large amount of money might have a lien placed on their property. They're still the legitimate owners, but they're not permitted to just sell it off without dealing with that issue. The most important benefit that a potential buyer gets when doing a title search on a property is the reassurance that this type of issue is not present. More generally, it provides reassurance that the person who is trying to sell the property is genuinely and legally able to do so.
A Legitimate Purchase
People are not generally allowed to sell property if there are certain kinds of defects or restrictions on it. For example, someone who owes a large amount of money might have a lien placed on their property. They're still the legitimate owners, but they're not permitted to just sell it off without dealing with that issue. The most important benefit that a potential buyer gets when doing a title search on a property is the reassurance that this type of issue is not present. More generally, it provides reassurance that the person who is trying to sell the property is genuinely and legally able to do so.
Know What You're Buying
Even when someone does have the legal right to sell a property, that doesn't necessarily mean that there are absolutely no strings attached. A land registry search can reveal, for example, whether the person who owns the property itself also controls the rights to any minerals or other valuable resources that may be found underground on that land. It could also reveal that someone else has an easement, or the right to use part of the property, in a way that would interfere with your intended use of it. This affects the value of what you're buying, and you can only properly take it into consideration if you do your research ahead of time.
Doing a title search Alberta is not generally very difficult. If you're in the midst of a transaction, you should generally have access to tax and identifying information that will make it very easy to look up the records for the correct property. It's also possible to have a search run based on an address or information about the owner, but this can add a few extra steps to the process and increase the expense slightly. In the end, though, it's well worth it to save yourself from trying to enter into a major transaction without all of the information about what you're buying.