REM 300 Lecture Notes - Lecture 2: Nuisance

• School: Ryerson University
• Department: Real Estate Management
• Course: REM 300
• Professor: Cynthia Holmes

Document Summary

Automated registration involves polaris (mapping and property databased owned by gov. ) and. Teranet (information services company offering land related data access to private and public sectors) Teraview is a software operated by teranet to serve clients. Registry act (old: books with maps that describes all land parcels (old = metes and bounds, now = property id number system, each parcel consisted of a long series of legal documents (chain of title) If property is being sold, chain of title is analyzed in order to ensure no irregularities. Land titles act (new: land listed by property id number, registry office only keeps existing and valid documents (no chain of title, conversion process to this system begun in 1991, principles: Mirror principle: register of title is a mirror that accurately and completely reflects the current facts that are material to a person"s title.