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Thread: Buying vacant land 101?

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Permlink Replies: 1 - Pages: 1 - Last Post: Nov 6, 2009 12:53 PM Last Post By: leslie Threads: [ Previous | Next ]
jim2008

Posts: 1
Registered: 11/21/09
Buying vacant land 101?
Posted: Nov 5, 2009 4:42 PM
 
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Looking for checklist of things to do to buy vacant land without me (as buyer) or seller needing to engage lawyers.

Also, how (I am assuming I should) do I confirm that seller has no liens? Can CRA put lien land I might buy from seller if seller has outstanding income taxes?

Can municipality put lien on land I might buy from seller if seller has outstanding income taxes?

Jurisdiction is NFLD

thanks!
leslie

Posts: 1,739
Registered: 11/21/09
Re: Buying vacant land 101?
Posted: Nov 6, 2009 12:53 PM   in response to: jim2008 in response to: jim2008
 
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This is a bad idea. Whose idea was it? As the purchaser you hold ALL the risk.

All provinces have something like a "land registry". This lists all properties, the owners, the liens that must be cleared before title passes, the right-of-ways and other covenants attached. There is system in place for accessing the registry and making changes. In B.C. it is called "BC Online".

You can execute the buy-sell contract by yourself. Get a copy of the standard copy used everywhere. Use white-out to create a blank form, or buy forms from those Self-Counsel-Press people, or I believe there are websites that allow you to buy them.

But for registering your ownership in the land registry I would not try to save pennies. If you hate lawyers try a "xxxx-public" I forget their name - they do a lot of the basic law stuff depending on the provincial laws.






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