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Finding the truth about a property


Research Your Title - Vancouver Real Estate - Problems To Look For

What's not on the property title may be important

In West Vancouver in 2007, on the advice of her REALTOR®, a property seller checked to see if there was an underground fuel storage tank on her property.

There was and the seller had the tank removed and the contaminated soil remediated. The bill was $202,963.07.

The seller had bought the property in 2001 without using the services of a REALTOR® and had been told by the previous owner that the tank had been removed or decommissioned.

The seller sued the former property owned and won because the owner hadn’t disclosed the severity of the problem.(Note: a REALTOR® was not involved in the 2001 sale).

What do these examples have in common?

• In Richmond, an illegal drug lab in a rental home on a busy street resulted in a neighbourhood evacuation.
• In Marpole, the owners of a non-profit theatre learned from a neighbouring business that the building they own is one of a dozen commercial sites sitting on a midden, the location of Aboriginal artifacts.

None are registered on the property title.

This means that current and future owners may not know about issues associated with their property that could affect its safety, ease of sale and ultimate value.

What is registered on the property title?

The legal description of a property, including:
• the parcel identification (PID);
• taxation authority;
• registered owner and their address;
• the title number;
• the previous title number;
• legal notations against the property (may include heritage);
• charges, liens and interests (under-surface rights, rights of ways, covenants, judgments);
• whether a duplicate title has been ordered and by whom, and
• transfers and pending applications.

What is not registered on title?

• Archaeological sites.
• Former grow ops and illegal drug labs.
• Heritage designations (not always on title).
• Highway entitlements.
• Stigmatized property.
• Streamside issues – if there are fish-bearing ditches or creeks on the property.
• Underground fuel storage tanks.

Fuel tanks facts

Throughout the Lower Mainland aging fuel storage tanks in yards are potentially corroding and leaching toxic materials into the soil.

In worst case scenarios, the contamination extends to neighbouring properties and the groundwater system.

These tanks, used until the 1960s when natural gas became readily available, were never required to be registered.

In the 50 years since, many tanks have been decommissioned or removed, while others have been long forgotten.

This makes it difficult to determine how many still exist, although estimates indicate there are still tens of thousands remaining underground throughout the Lower Mainland.

In more remote areas such as Pemberton and the Gulf Islands, tanks may still be in use.

Oil tanks are regulated by the BC Fire Code, Part 4, which covers tank installation, maintenance, repair, removal or abandonment.

Vancouver real Estate - Finding an Oil Tank - How to Detect - Locate

What happens if your property has an old tank?

Each municipality has different requirements and provisions for enforcing the removal or abandonment of underground or aboveground storage tanks.

Contact your local fire department. They will advise you on how to properly deal with your tank.

Tanks can contaminate soil and groundwater, may pose a fire and explosion hazard, and may impact human health.

If you plan on selling your property, you must tell your REALTOR® about the tank and also disclose the tank on the Property Disclosure Statement

If you are buying a property, your REALTOR® will advise you to have the property inspected and to seek an expert opinion on the matter, especially if the underground or aboveground storage tank is thought to be leaking. If you have questions about fuel storage tanks, contact your municipality.

"Finding the Truth about a Property." REBGV. N.p., 18 July 2013. Web. 25 July 2013.

 Kěnéng shì zhòngyào de bùshì wùyè de yè quán
Zài xi wēngēhuá zài 2007 nián, tā de jīngjì rén ®de yìjiàn, wùyè màifāng jiǎnchá, kàn shìfǒu yǒu duì tā de cáichǎn shì yīgè dìxià ránliào chúcún guàn.

Yǒu màifāng chùqú shuǐxiāng hé wūrǎn tǔrǎng xiūfù. Gāi fǎ'àn wèi 202,963.07 Yuán.

Màifāng zài 2001 nián mǎile wùyè, ér wúxū shǐyòng yīgè fángdìchǎn jīngjì rén de fúwù ®hé yǐqián de zhǔrén céng gàosu tǎnkè yǐ bèi shānchú huò tuìyì.

Màifāng qǐsù qián yǒngyǒu de cáichǎn, yíngdéle, yīnwèi yèzhǔ méiyǒu pīlù wèntí de yán chóng xìng.(Zhù: Jīngjì rén ®zài 2001 nián de xiāoshòu bù shèjí).

Zhèxiē lìzi yǒu yīgè gòngtóng diǎn shì shénme?
Zài lǐ shì mǎn, yīgè fánmáng de jiēdào shàng, zài chūzū fángwū fēifǎ yàowù shíyàn shì zài fùjìn shūsàn.
•Zài Marpole qū yīgè fēi yínglì xìng jùyuàn liǎojiě dào, yèzhǔ cóng línjìn de yèwù, tāmen suǒ yǒngyǒu de jiànzhú wù shì zuò zài fèn duī shàngle shí jǐ gè shāngyè wǎngzhàn zhī yī, yuán zhùmín shǒu gōngyìpǐn de wèizhì.

Méiyǒu wùyè de yè quán dēngjì.

Zhè yìwèizhe, dāngqián hé wèilái de yèzhǔ kěnéng bù zhīdào tāmen de cáichǎn, kěnéng huì yǐngxiǎng qí ānquán xìng, biànyú xiāoshòu hé zhōngjí jiàzhí xiāngguān de wèntí.

Shénme shì wùyè de yè quán zhùcè?
Fǎlǜ shǔxìng de miáoshù, bāokuò:
•Bāoguǒ biāozhì (PID);
•Shuìwù jīguān;
•De zhùcè suǒyǒu zhě hé tāmen dì dìzhǐ;
•Shūmínghào;
•Yǐqián de biāotí hàomǎ;
•Fǎlǜ duì cáichǎn de fúhào (bāokuò wénwù);
•Fèiyòng, liúzhì quán hé lìyì de (xià biǎomiàn quánlì, quánlì de fāngshì, qìyuē, pànjué);
•Chóngfù biāotí shìfǒu yǐ dìnggòu rén,
•Zhuǎnràng jí zhèngzài shēnqǐng de.

Shénme shì bù dēngjì de biāotí?
•Kǎogǔ yízhǐ.
Qiánzhě zēngzhǎng OPS hé fēifǎ dúpǐn shíyàn shì.
•Yíchǎn chēnghào (bìng bù zǒng shì biāotí).
•Gōnglù pèi'é.
•Wū míng wùyè.
•De hé bīn wèntí - rúguǒ yǒu yú zhóuchéng gōuqú huò xīliú de cáichǎn.
•Dìxià ránliào chúcún guàn.

Yóuxiāng shìshí
Zhěnggè nèidì shuāilǎo ránliào chú guàn mǎ de qiánzài fǔshí hé lín róng dào tǔrǎng zhōng de yǒudú wùzhí.

Zài zuì huài de qíngkuàng xià, wūrǎn yánshēn dào línjìn de shǔxìng hé dìxiàshuǐ xìtǒng.

Zhèxiē tǎnkè, shǐyòng, zhídào 20 shìjì 60 niándài shí, tiānránqì chéngwéi xiànchéng de, cónglái méiyǒu yāoqiú jìnxíng dēngjì.

50 Niánlái, xǔduō tǎnkè yǐjīng tuìyì huò shānchú, ér lìng yīxiē bèi yíwàngle hěnjiǔ.

Zhè shǐde tā hěn nán quèdìng yǒu duōshǎo réngrán cúnzài, dàn gūjì réngrán yǒu shù wàn shù qiān bǎochí zài dī lù píngyuán dìxià.

Zài jiào piānyuǎn dì dìqū, rú péng bó dùn hé hǎiwān qúndǎo, tǎnkè kěnéng réngrán zài shǐyòng zhōng.

Gōngyuán qián xiāofáng guīfàn, dì 4 bùfèn, qízhōng bāokuò tǎnkè ānzhuāng, wéihù, wéixiū, chāichú huò fàngqì shòu yóukù.

Rúguǒ nǐ de cáichǎn yǒu yīgè lǎo tǎnkè huì fāshēng shénme shì?
Měi gè shì yǒu bùtóng de yāoqiú hé guīdìng, qiángzhì chāichú huò fèiqì dì dìxià huò dìshàng chú guàn.

Qǐng liánxì nín dāngdì de xiāofáng bùmén. Tāmen jiāng huì gàosu nín rúhé tuǒshàn chǔlǐ yǔ nǐ de tǎnkè.

Tǎnkè kěyǐ wūrǎn tǔrǎng hé dìxiàshuǐ, kěnéng huì zàochéng huǒzāi hé bàozhà de wéixiǎn, bìng kěnéng huì yǐngxiǎng réntǐ jiànkāng.

Rúguǒ nǐ dǎsuàn mài nǐ de cáichǎn, nǐ bìxū gàosu nǐ de fángdìchǎn jīngjì rén ®de tǎnkè hé tǎnkè wùyè pīlù shēngmíng hái tòulù.

Rúguǒ nǐ suǒ gòumǎi de cáichǎn, nǐ de fángdìchǎn jīngjì rén ®huì tíxǐng nǐ yǒu shìchá wùyè, bìng xúnqiú zhuānjiā duì cǐ shì de yìjiàn, tèbié shì rúguǒ bèi rènwéi shì lòushuǐ dì dìxià huò dìshàng chú guàn. Rúguǒ nín yǒu guānyú ránliào chúcún guàn de wèntí, qǐng liánxì nín de zhíxiáshì.

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