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Listing ChecklistListing Checklist

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There are some things the Courts always expect you to check when listing a property for sale

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These include the physical features of the property and

its legal and financial characteristics

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Physical FeaturesPhysical Features

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Measure and confirm:

Floor area and room sizes

Lot size

Any recent construction, renovations or improvements

Necessary building permits obtained?

Any builder’s liens made or threatened?

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Legal and Financial Legal and Financial CharacteristicsCharacteristics

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GeneralGeneral

Surface search or State of Title Certificate ordered

Confirm location and size of property from Land Title Office or Municipal plans

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FinancialFinancial Encumbrances Encumbrances

Are there mortgages, liens, judgments or other financial charges outstanding of the property?

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AssumableAssumable Mortgages Mortgages

Check mortgages

Confirm with lender the outstanding balance owing under the mortgage and if it can be assumed by the buyer

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Easements, Rights of Way, Easements, Rights of Way, Restrictive CovenantsRestrictive Covenants

Is there anything on title that could restrict a buyer’s use of that property?

If so, get a copy of the registered charge and read it

Recommend buyer obtain legal advice as to terms of such liens

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Strata PropertiesStrata Properties

Review the By-Laws for restrictions

Get from the Strata Corporation official whether there are:

• Any special assessments voted on or proposed

• Any pending rules or strata by-law amendments which may alter the uses of

the property

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TenanciesTenancies

Get details of any tenancies from seller

Rental security deposit

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ZoningZoning

Confirm current zoning status

Get a copy of most recent property tax assessment

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Basic Practice For Basic Practice For Measuring Living AreaMeasuring Living Area

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Measurements are taken from the outside surface of the exterior walls for detached houses.

Townhouses are measured from the centre line of the party walls and the outside surface of exterior walls.

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Semi-detached and end units of townhouses are measured from the outside surface of exterior walls and the centre line of party walls

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Prior to taking any measurements of the structure, first prepare a rough outline sketch or layout of the

perimeter of the building.

Indicating all dimensions of this sketch will serve as a check when comparing the front width dimension to the

rear width and similarly, when comparing the two length dimensions.

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Living area includes the square area of all utility rooms, storage areas and cupboards, located on

the same level(s) as the main living area(s)

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The following should not be considered or included as being part of the living area of residential buildings:

• porches • sundecks

• closed-in patios

• screened-in decks

• garages• carports

• cold rooms in basements

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RememberRemember

Check with your local Real Estate Board and Real Estate Council for any Rules and

Regulations that they may have.