A Real Property Report, often abbreviated to “RPR”, is a legal document completed by a land surveyor.
It looks like this:
An RPR is used by a municipality, buyer, seller, and lender as an accurate representation of the improvements on a plot of land.
- As a seller, it is important to obtain the RPR as quickly as possible after listing your home for sale.
- Failure to obtain this RPR, could result in closing delays or even the recession of a purchase contract.
Per the terms of the standard real estate purchase contract in Alberta, a seller will provide this document to the buyer or the buyer’s lawyer within a reasonable time before the completion/ possession day. This survey of the land must also include evidence (usually a stamp) of municipal compliance. A municipality will review and endorse a Real Property Report to indicate that the improvements meet the requirements fo the local bylaws. You will have received a copy of the RPR when you purchased your home. If you are terrible at organizing paper like we are, you might contact the lawyer that represented your purchase to see if they might have this on file.
While real property reports do not expire, they do need to be up-to-date. Things like the construction of a fence/deck will trigger the need for a new RPR. Even the installation of a central Air Conditioning unit will mean an update is required.
If you do not have your RPR, you will need a surveyor before closing on the sale of your home. This can sometimes take 2 weeks so best to organize this early! You can expect the cost of a new RPR to be between $500 and $750.