Introduction
Imagine purchasing a tax sale property at a bargain price in Toronto, only to find out later that your new lot encroaches onto a neighbour's land. These survey issues are more common than one might think and can result in costly legal battles. For Canadian real estate investors, understanding and navigating these complexities is crucial to avoid unexpected expenses and headaches. This article explores the intricacies of tax sale properties, particularly focusing on encroachments and survey issues, providing you with practical solutions and insights.
Understanding Encroachments and Survey Issues
Encroachments occur when a property extends into a neighbouring lot, often leading to disputes. Survey issues can arise from inaccurate or incomplete land surveys. In Canada, these matters are governed by various provincial laws and municipal regulations, such as Ontario's Land Boundary Surveys guidelines. Proper due diligence before purchasing tax sale properties can prevent costly surprises.
Canadian Legislative Framework
The Municipal Act in Ontario and similar statutes across provinces address property boundaries and related legalities. Investors must be aware of the Ontario Regulation 75/06, which provides a detailed framework on tax sales procedures, including the handling of encroachments. Understanding these regulations is vital for mitigating potential risks.
Practical Tips for Investors
Engage a Professional Land Surveyor
Before bidding on a tax sale property, consider hiring a licensed land surveyor to verify boundary lines. This proactive step can save you from future disputes and litigation costs.
Utilize Online Resources
Platforms like Tax Sales Portal offer tools to streamline your investment process, providing access to detailed property information and survey data.
Check Municipal Records
Reviewing municipal records can reveal any historical boundary disputes or encroachments. For example, the City of Toronto provides such information online.
Case Study: A Real-World Example
Consider the case of a Vancouver investor who purchased a tax sale property only to discover a neighbour's fence encroached onto the lot by six metres. After consulting local laws and negotiating with the neighbour, they resolved the issue amicably with minor legal fees, showcasing the importance of thorough research.
Expert Tips Section
- Consult Legal Experts: Work with a lawyer experienced in property law to navigate complex encroachments.
- Budget for Surveys: Allocate up to $5,000 for professional land surveys to ensure peace of mind.
- Research Thoroughly: Use resources like Tax Sales Portal's blog to stay informed about recent changes in tax sale processes.
- Avoid Assumptions: Never assume boundary lines are correct without verification.
Conclusion
Understanding and navigating encroachments and survey issues in tax sale lots is crucial for a successful investment. By implementing the strategies discussed, investors can avoid costly pitfalls. Visit Tax Sales Portal to explore current listings and leverage our expert tools to make informed decisions.
