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Wednesday, March 14, 2018
Compliance Certificate - What is it?
The following is from the Vulcan Newsletter, Volume 83, February 2018:
What is a Compliance Certificate? A compliance certificate is ofter required by lending agencies and/or lawyers in the sale of property and/or mortgage approval in order to protect their clients' investments. Standard real estate purchase contracts often require the vendor to obtain a Compliance Certificate. A Compliance Certificate is a document from the Town issued by the Development Officer that confirms the buildings as provided on a RPR (Real Property Report) are in compliance with the Town's Land Use Bylaw. When review RPR's for compliance, the Development Officer looks for such things as: Required setbacks from property lines; Encroachments that require agreements; If required development permits/building permits are in place. Follow-up may be required to obtain permits or approvals for buildings or structures identified as non-compliant.
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