What is a real property report?
A surveyed document that maps the legal boundaries of a property, the location of buildings and structures on it, and any encroachments or deviations from the registered legal description.
A real property report is a surveyed plan prepared by a licensed surveyor that shows the precise boundaries of a property and the exact location of all structures, including the main building, sheds, decks, and fences. It identifies the property's relationship to neighboring lots and streets, and notes any encroachments where fences, driveways, or structures cross property lines or violate municipal setback requirements.
In London, Ontario residential sales, a real property report is commonly included in the seller's disclosure package. It serves as a verification tool during closing, allowing the buyer's lawyer and lender to confirm that what exists on the ground matches the legal description registered at the Land Titles Office. The report flags any issues early: unpermitted structures, encroachments by neighbors, or non-compliant placements that might trigger municipal enforcement.
This document becomes critical if a buyer's mortgage lender requires it, as lenders want assurance that the property is free of survey defects that could affect its marketability or value. While not always mandatory, providing a current real property report can reduce closing delays and gives both parties clarity about what they are buying and selling. Older properties may lack recent surveys, and buyers sometimes order a new one if the seller's report is outdated or incomplete.