Seller, buyer and even mortgage lender are all concerned with the issue of the location certificate. Why is this document so important?
First, let's go back to the very source of its necessity. Article 1719 of the Civil Code of Québec provides that "The seller is required to give the buyer the titles of ownership that he possesses, as well as, in the case of a real estate sale, a copy of the deed of acquisition of the immovable, as well as a copy of the previous titles and the certificate of location that he possesses."
Please note that this is not just any type of location saudi-arabia business email list certificate, but a document demonstrating the current factual and legal situation. This is why the majority of promises to purchase, as well as the lending financial institution, require the seller to provide a certificate demonstrating the current situation of the premises.
For example, imagine that a solarium was built without a permit. In such a case, you will not be able to obtain a minor exemption from the municipality, because the latter cannot bring an illegally built structure into compliance without a permit. You could even be forced to demolish it! In this case, the title insurance would only cover the demolition costs and not the replacement costs. When reselling the building, the buyer could also require that the property comply with standards and you would then have to pay the correction costs without being able to appeal to the title insurance.
So, are you convinced of the relevance of the location certificate? In any case, seek advice from your notary. He is the only lawyer who can support you throughout the process of what will often be the most important acquisition of your life.
The location certificate: a must
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