{"id":3903,"date":"2021-01-28T14:08:06","date_gmt":"2021-01-28T19:08:06","guid":{"rendered":"https:\/\/katiasamson.com\/?p=3903"},"modified":"2021-01-28T16:12:07","modified_gmt":"2021-01-28T21:12:07","slug":"selling-your-property-why-you-need-a-current-certificate-of-location","status":"publish","type":"post","link":"https:\/\/katias.cp03.id-3.net\/en\/selling-your-property-why-you-need-a-current-certificate-of-location\/","title":{"rendered":"Selling Your Property: Why you need a current certificate of location"},"content":{"rendered":"<p><em><strong>You may have put a lot of time and effort into renovating your property to make it irresistible to a new buyer. But in the rush to conclude the transaction, it is essential to not overlook an important detail: the certificate of location. An up-to-date document helps protect you against potentially costly mistakes.<\/strong><\/em><\/p>\n<p><strong>What does a certificate of location include?\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 300;\">The certificate of location is one of the most important legal documents in any real estate transaction, whether it involves a commercial or residential building, house, duplex or condo. This report, prepared by a land surveyor accredited by the Ordre des arpenteurs-g\u00e9om\u00e8tres du Qu\u00e9bec, outlines how a property is situated and its current state, which includes any titles, lots, zoning regulations and municipal bylaws that may affect it. In the case of a condominium, the certificate will cover the unit only and not the entire building. If no changes are made to the property, a certificate of location is valid for 10 years.\u00a0<\/span><\/p>\n<p><strong>How it affects the promise to purchase\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 300;\">\u201cYou should commission a certificate of location as soon as you know you want to sell your property,\u201d advises Katia Samson, founder of the Katia Samson Real Estate Group. \u201cBut you should wait until exterior renovations, such as an extension or adding a terrace or balcony, have been completed. That way, if there are any surprises\u2014for instance, if you made an improvement that encroaches on a neighbouring property\u2014there is enough time to correct the issue.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 300;\">Samson, a broker with more than 25 years of experience concentrating on the Griffintown and Sud-Ouest areas of Montreal, often sees cases where a promise to purchase must be notarized within 30 days. If the certificate of location is not current, you may have to pay additional costs to have the document produced more quickly.<\/span><\/p>\n<p><span style=\"font-weight: 300;\">And should, as in the above case, the certificate of location show the presence of easements or encroachment on a neighbouring property, signing the deed of sale should be delayed until the property title describes precisely what is included in the sale. And the buyer might opt to back out of the contract.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 300;\">In the event of any irregularities, the seller must\u00a0purchase title insurance. The cost may vary between over $1,000 for a small transaction to several thousand dollars for a large one.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 300;\">\u201cThese situations potentially can add significant costs to a transaction but may be avoided by obtaining the certificate of location well in advance,\u201d Samson says. \u201cAll the more reason to make sure your certificate is up to date before placing that \u2018for sale\u2019 sign on your property.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may have put a lot of time and effort into renovating your property to make it irresistible to a new buyer. But in the rush to conclude the transaction, it is essential to not overlook an important detail: the certificate of location. An up-to-date document helps protect you against potentially costly mistakes. What does a certificate of location include?\u00a0 The certificate of location is one of the most important legal documents in any real estate transaction, whether it involves a commercial or residential building, house, duplex or condo. This report, prepared by a land surveyor accredited by the Ordre des arpenteurs-g\u00e9om\u00e8tres du Qu\u00e9bec, outlines how a property is situated and its current state, which  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":3908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,15],"tags":[],"class_list":["post-3903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en-2","category-fr-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Selling Your Property: Why you need a current certificate of location - Groupe Immobilier Katia Samson<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Selling Your Property: Why you need a current certificate of location - Groupe Immobilier Katia Samson\" \/>\n<meta property=\"og:description\" content=\"You may have put a lot of time and effort into renovating your property to make it irresistible to a new buyer. But in the rush to conclude the transaction, it is essential to not overlook an important detail: the certificate of location. An up-to-date document helps protect you against potentially costly mistakes. What does a certificate of location include?\u00a0 The certificate of location is one of the most important legal documents in any real estate transaction, whether it involves a commercial or residential building, house, duplex or condo. 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