Common sense of property rights in Vancouver, Canada

In Vancouver, the real estate license is just a piece of paper, while in China, it is called a book. Who said that the contents of the real estate license are similar? What a difference! In China, our property ownership certificate can usually accurately describe that the owner is the owner of the described property (property in two countries? Ownership? There is a big difference, but we only analyze the form of the document), and many occasions need to show the original. Looking around the real estate license in China, you can hardly see the details of your loan to buy a house or subprime loans. Property right investigation

The biggest difference in Canada is that, for example, if you want to sell your property in Canada, you only need to show the original property ownership certificate to any interested party or government, and the significance of this behavior is very limited. Experienced people will only extract the above nine digits (parcel identifier) and then do their own property rights investigation. Maybe you don't believe it: has Canada's real estate license always been there? Be updated? Yes! The information it covers is very comprehensive. The original Canadian real estate license only reflects the property right survey results at a certain point in time. Any beneficiary who has the right of way, right of use, mortgage and creditor's rights in the target real estate will appear in the property right search.

Therefore, when buying a house in Canada, the significance of property search should not be underestimated! The standard sales contract will require the seller to provide the buyer with a clear ownership without any debts and disputes at the time of transaction; Therefore, at the beginning of reaching the intention of real estate transaction, real estate agents, as agents of buyers and sellers, will investigate the property rights of the target real estate, especially to protect the interests of buyers and screen out those projects that have an impact on the interests of future owners.

Common items of property right investigation

Because of this, you don't need to be surprised if a property right certificate or property right investigation result has five or six pages. Here is a brief analysis of the common items in the local property right certificate or property right investigation, so that you can have a preliminary understanding. The rights and interests of real estate registration can be said to be varied, which usually appear as follows:

1.covenant: covenant means agreement or contract. What appears in real estate generally refers to the contract signed with the municipal government when the house was just built. In the contract, the government is promised that the house will not be used for a certain purpose and will not build any business-related facilities, such as building a house behind the house as a convenience store or agreeing between two duplex houses in the community (row, a villa has two families, the yard is separated, but the roof is connected) that the shape of the house will always maintain their original shape, for example, the house next to it is spire, and dome is not allowed.

2. Easement: Generally speaking, it means that there is a part of the road in front of the property and the right of way next door. For example, there is a beach or park next to your house, but the park or other places on the beach are closed, and your other neighbors can only enjoy the park or beach through the road in front of your house. At this time, there is likely to be such an easement for your property rights, and neighbors can't say no when they pass by.

3. Right of way: it means access, that is, the government or others have the right to have access in your home. For example, if the government wants to lay a water pipe underground in your backyard, then there will be a right-of-way period on the real estate license. As long as there is a pipe passing through your house, whether underground or on the ground, it is called social circle. You will understand that you can lend your land to others, and then the right of way is to follow the house, not the owner. For example, owner A sells the house (with the right of way), and then buyer B takes over the house. Buyer b also wants to let the people who register the right of way in this house use it. It is not that buyer A sold the house and bought another house, so he took the right of way of another house.

Let me make an analogy:

If the water and electricity company wants to lay maintenance pipes in the property, it will register like this:

Statutory right of way

CA 20 1 1-0 1- 12 10:37

Registered owner of charge:

British Columbia Hydropower Authority

Please look at the following two examples. Telephone and TV network companies such as Telus or Shaw that need to be buried will also be registered in the property right of the house:

Statutory right of way

BB？ 20 1 1-0 1- 13 14:54

Registered owner of charge:

TELUS communications company.

Statutory right of way

CA 20 12-06-08 12:3 1

Registered owner of charge:

Shaw electric cable system co., ltd

These should be unknown to you in the real estate license of China. Do you understand this?

4. Equitable charges: If there are equitable charges on the real estate license, there will usually be an agreement with the municipal government at the time of development, allowing the municipal government to charge a certain fee, especially for the streets around the house. For example, before downtown Vancouver, several properties belonged to the heritage and were later converted into residential buildings. Vancouver city government has collected some fees during the renovation, especially for the streets involved in the property, and the possibility of continuing to collect fees in the future is not ruled out. The following words will appear on the title certificate of these properties:

Equitable charges

bb 12345 2007- 1 1-20 09:3 1

Registered owner of charge:

Vancouver city

Warning item

All of the above are registered rights and interests in order to maintain the agreement or legal normal use of real estate, and these rights and interests will remain in the property right for a long time? Survival? It is binding on all future homeowners. As long as you do it, you don't need to worry too much, but if you see the following items, please be alert:

1. Lien: indicates that the property is in arrears! When the house is sold, the government has transfer tax. If this is not paid, there will be a lien on property rights; The apartment has property arrears, and the property company failed to remind the owner. The property company can also register the lien on the property, as follows:

Class property law lien

bb 12345 20 1 1-03- 19 12: 1 1

Registered owner of charge:

Owner, stratum plan LMS0000

BB 12345

Remarks: Class Property Law, section 1 16.

If the new house developer is in arrears with the cost of materials, employee salaries, etc. The injured party may also register a lien on the property; These liens must be removed before the house is sold, especially to protect the interests of the buyer, because many arrears follow the house, not the seller.

2. Occupation: Generally speaking, a part of the target house has occupied the territory of the house next door. Generally speaking, for independent houses, we can easily see the hidden legal disputes, so we should solve them before the transaction.

3. judgment: this is the most important thing to pay attention to. A dispute with a third party on behalf of the owner or his property shall be submitted to the court. For example, the owner has a debt dispute involving this house with other parties, or the owner has a marriage lawsuit involving this house. The buyer must pay attention that whenever such words appear in the property right investigation, the seller must delete them immediately, or promise to delete them immediately.

In marriage proceedings, if both parties have disputes over the distribution of real estate and have submitted them to the court, they will appear in the following forms: CPL.

4. Financial expenses: This usually reflects that the current owner or seller of the house uses real estate as collateral and has several loans. For example, when I just bought a house, the funds were insufficient, and the house needed to be mortgaged, and I borrowed 50% of the house price from the bank. For example, if you live for a certain period of time, you need to use this house as collateral to apply for a second loan. If you find a different loan bank at this time, there will be two loans on the property certificate. These are all the information that can be obtained from property right investigation, and also the information that the seller needs to promise to pay off and remove from the property right certificate in housing transaction. An example is as follows:

mortgage

BB 123456

Registered owner of charge:

Super bank of Canada

BB 123456

The above provisions are only a simple description of the contents contained in the Canadian title certificate. The real estate license in Canada can be said to be ever-changing. If any interested party thinks that his/her interests need to be guaranteed from the relevant real estate, he/she can efficiently register on the title certificate of the target real estate through appropriate channels. This is also the reason why the Canadian real estate license has been there. Be updated? .

Therefore, it is not difficult for us to understand that prudent property rights transfer lawyers will do a series of property rights surveys again before the registration of property rights transfer to ensure the interests of property buyers.

In addition, Canada's information openness and transparency are well known. The above-mentioned items in the property right investigation can be investigated and inspected in detail by paying a small fee. It is recommended that any buyer who has concerns about the results of the property right survey consider this step!

Immigrating to Canada, I believe everyone is aware of the importance of home ownership! The above property right survey is the most important step for you to settle down, and it is also the most important beginning for you to really enjoy the pleasant scenery in front of the beautiful house. So be careful!