The importance of a Survey Certificate
A legal Survey Certificate is frequently required by the lending institution. The survey shows the legal boundaries of your property and the location of all buildings, rights of way, and any existing encroachments.
Examples of a right of way are the Hydro power lines. The Hydro authorities have the legal right to their power lines and towers, and the right to access your property to maintain these structures.
An example of an encroachment is when part of a neighbour’s building extends over another’s property boundary.
The reason a lender requires a survey is to make sure that your building does not illegally encroach another’s property. If this is the case, the neighbour could pursue legal action.