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How to certify title lease

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Oil and gas drilling can result in production from neighboring properties due to the rule of capture, already established in English common law. The industry's early days saw excessive well drilling to increase production. Conservation laws were in place before horizontal drilling became common, especially in unconventional resource areas like shale. Some operations, like hydraulic fracturing, are banned in certain regions. Despite this, ownership of migrating resources off your property can be lost or gained.

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Who has the authority to convey title to property in BC?

The Land Title and Survey Authority of BC (LTSA) operates the B.C. land title and survey system focusing primarily on three areas: Land Titles.

Is certificate of title the same as record of title?

Records of title (previously referred to as computer registers or certificates of title) prove the ownership of land and the rights and restrictions that apply to the land. They have been recorded electronically since 2002.

What is the difference between transfer certificate of title and certificate of title?

Ownership. The difference between a CCT and TCT is that the former only conveys ownership of the air space of the property (e.g. The specific condominium unit located on the 19th floor of that specific condominium). Therefore, if you are buying a condominium unit, then your title should be that of a CCT.

What is a certificate of title in Ontario?

Definition. A written document which validates the title to a property. This means the property is legally vested in the present owner.

Why register a lease on title Ontario?

If a lease is not registered on title, your claim to occupancy does not appear on the registered land title. So, if the property you are leasing is sold, the new owner may not have to recognize or abide by the terms of your lease.

What is certificate of title?

It is a legal document that proves your ownership of the property. Without it, you would not be able to sell, borrow against, or pass on your home to your heirs. It is important to make sure that your title is clean and free of any liens or encumbrances.

What is a state of title certificate BC Canada?

A State of Title Certificate is a copy of the title that is certified correct at the time of issuance by the land title office. You may need a State of Title Certificate for your property for several reasons: To confirm the registration of a change to the registered title, when: Buying or selling a property.

What is the purpose of ordering a state of title certificate?

It proves ownership or possession of a property, and provides a list of registered items that identify relevant interests, restrictions and regulations that may apply to a property. A title search is the process of requesting the land title for a particular property.

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