Did you know…

When a property is being sold, the buyer(s) must be made aware of any Encumbrances that can have an effect on the future use of the property.

An Encumbrance means a Mortgage, Easement, Restrictive Covenant, Title Restrictions, Caveat, Memorial and Rate Encumbrance and includes any right and interest which a person has in relation to the property.

Encumbrances will be noted/listed on the Certificate of Title relating to the Property and should be searched through Landgate in order to obtain the full description and limitation, if any, that may effect the Property.

An example of an Encumbrance having an effect on the future use of the property could be a Restrictive Covenant governing the specific height allowed of buildings on the land being sold.

If you would like to discuss the above, or require an up to date Appraisal of your property, please contact Scaffidi Real Estate at your convenience.