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Property owners pursue parcel splits for various reasons, including: Development: Subdividing a larger property into smaller lots to build multiple residences or commercial structures. Inheritance Planning: Passing down portions of a property to heirs while maintaining ownership of the remaining land.
Property owners often pursue parcel splits for various reasons, including: Development: Subdividing a larger parcel into smaller lots to accommodate multiple residences or commercial structures. Inheritance: Passing down portions of a property to heirs while maintaining ownership of the remaining land.
Nov 30, 2023 · Splitting a property into two parcels is a strategic decision that property owners may consider for various reasons, including the potential for increased property value, better land utilization, or the intention to sell a portion of the land.
Property owners typically pursue parcel splits for various reasons, including: Development: Subdividing a larger property into smaller lots to accommodate multiple residences, commercial structures, or other development projects. Inheritance Planning: Passing down portions of a property to heirs while retaining ownership of the remaining land.
- Where Is My Property boundary?
- If I Have Title Insurance, Why Do I Need A Survey Plan?
- Should I Review The Property Survey Plan Before Buying A House?
- Will The Government Protect My Property Boundaries?
- Does A Survey Plan Expire After A Period of time?
- What Is An Encroachment?
- What Can I Do About My Neighbour's Garden on My Property?
- How Can I Stop My Neighbour from Trespassing on My Land?
- What Can I Do About Water Draining onto My Land?
- How Can I Protect My Rights Regarding A Shared Driveway and Other Easements?
A: A boundary is an invisible line that marks the end of one property and the beginning of the next. Only a survey plan prepared by a licensed land surveyor can show you exactly where your property boundaries are located. The surveyor ascertains the property boundaries using evidence of prior surveys, older authoritative plans and the legal descrip...
A: Title insurance is not "boundary insurance". Title insurance provides protection against certain deficiencies (listed in the policy) in the titleto a parcel of land. In Ontario it is commonly used to close real estate transactions quickly. As a regulated financial product, title insurance promises to compensate an insured party for losses arisin...
A: It is always wise to examine a survey plan when buying a house as part of your research and due diligence process. A survey plan is an accurate graphic representation of the size and extent of the property. It will provide information regarding the location of structures on the property, fences, encroachments and easements (if any). It will also...
A: Local governments do provide services to aid in boundary protection, including zoning by-lawsand fence viewers. Zoning by-laws cover issues such as how close to a property line a house or other structure may be built. Fence viewers have prescribed procedures for assessing the costs and aesthetics of new fences when neighbours are in dispute. Bey...
A: A survey plan is a snapshot of a property that is current as of the date the fieldwork was done and the title information researched by the surveyor. To be considered up-to-date, a survey plan must comply with current professional standards and legislation. It must also reflect any changes that may have occurred on the land and illustrate curren...
A: An encroachment refers to a physical entity that belongs to one landowner but lies wholly or partially on a neighbouring property. Encroachments may be sheds, driveways, curbs, roof overhangs, eaves, retaining walls or fences. A survey plan enables a property owner to identify encroachments and seek professional advice to remedy the situation.
A: In today’s crowded urban landscape, people will often landscape with little regard for the location of their property boundaries. Regardless of their innocent intent, it is important for you to politely inform your neighbours of these encroachments and request that they adhere to the boundaries. It's up to you to protect your boundaries. Before ...
A: Many trespassing or property encroachment situations are simply a case of a neighbour being unaware or unconcerned about the location of property boundaries. Before speaking to your neighbour about the situation, ensure that you know exactly where your boundaries are located. Do not assume that a fence line, swale or ditch, hedgerow or tree mark...
A: Storm water runoff from adjacent properties is a common occurrence that can result in flooding of yards, sheds and basements. If your property experienced no excessive water issues previously, then it is possible that a neighbour has affected local drainage by adding fill dirt, blocked or filled in a drainage swale or diverted roof drainage down...
A: It is common in older urban areas to have a shared driveway between houses to access garages located in the backyard. In some instances "mutual" driveways have been used this way but have never been registered as an explicit right of way. If your rights regarding a shared driveway are not expressly stated in your property deed (or that of your n...
Property lines are the boundaries that define the specific parcel of real estate owned by an individual or entity. Knowing the exact boundaries of your property is essential for many reasons, including resolving disputes, protecting your rights and establishing ownership.
People also ask
Why do property owners pursue parcel splits?
Why do property owners make a lot line adjustment?
What are parcel splits & lot line adjustments?
What are property lines?
Should you split a property into two parcels?
Why is subdividing a property a good idea?
Mar 7, 2024 · Subdividing land can be a lucrative venture for property owners, yet it involves complex processes and various costs that are often overlooked. Understanding these costs is essential for anyone considering a subdivision project to ensure financial feasibility and compliance with local regulations.
