Any property or asset a person owns must have a document that can claim their ownership over that. The landholders have proper documentation of the land or the property they possess. Alberta Land Registry provides you the details of the land by giving the registration number. Every landowner must have their name in the name registry in Alberta to prevent cases of crimes, conflicts, or external disturbance to one's land.
Several documents are required for the corporate registry in Alberta. The essential ones are-
Mortgages
It is a type of loan used for buying a property for those who do not have cash. It is used to finance property when the buyer cannot pay the total amount together.
Builder's Lein
It is the financial support given for construction purposes to a builder for the work or materials supplied. It is a claim against the contractor who has not been provided with immediate money but promises the same after completing the documents.
Easement
It is a document that tells that a particular property belongs to the owner, but he allows some other person or party to use it for a specific purpose. It is a kind of limited right for a stated purpose.
Covenant
It is a promise maintained for the land which limits its use. It is an accepted statement between the two parties where the borrower promises to stay financially sound for the loan, and the lender states its situations and expectations for the borrowed capital.
Before making any deal, refer to the names and corporate registries in Alberta by taking help from Speedy Search.
To know more about Name Registry in Alberta. Please visit our website: speedysearch.ca
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