What’s a Property Survey?
A property survey shows the boundaries of the property indicating the lot size, and includes a written description of the property. Property surveys, which resemble a map, are carried out during the original construction of a house and are provided to the buyer at that time. However, if the house you are buying is older you may find that the original survey has long been lost. Sometimes a copy has been kept at the city planning department and they will gladly give you a copy, but Ive never been that lucky.
Surveys indicate right-of-ways and easements. Right-of-ways detail the right of others to access certain areas of the property (for example, it may allow access to hydro or telephone companies for servicing or a shared lane or driveway). Easements are a right that’s assigned to the property and cannot be removed very easily, if at all. Surveys may also indicate issues such as a fence located outside the property line or an overhanging roof from a detached garage and in these instances, the buyer can ask the seller to correct the problem before closing.