Found 2 blog entries tagged as property.

Are you and your partner making the big move together? Here are some quick tips for unmarried couples who will be purchasing a home together!

A header image of a woman hugging a man - house keys are hanging from her fingers in the foreground. Moving boxes lay in the background.



1) Saskatchewan Definition

Regarding property in Saskatchewan, couples are considered official spouses when they have lived together in the same dwelling for two years, plus one day. This means that the person's name on the title of the property up until the two year (and one day) point is the only person who has any claim to said property. After that point, the two spouses have an equal claim - 50/50.


2) Mortgage Application

As with any person going to purchase a home, you go to a mortgage broker or your bank to get pre-approved for a mortgage. One person applies for this mortgage.…

551 Views, 0 Comments

Read Full Post

When dealing with property from a legal point of view, you may come across two terms: real property and personal property. What do these mean exactly? Let's talk about each in more detail:

An image of a wood table, zoomed in to see the texture.



Real Property

Real property refers to land, anything built on that land, growing on that land, and/or anything existing under the face of that land. Basically, real property refers to anything that is immovable. Examples:

  • Barns
  • Garages
  • Crops
  • Mineral Rights
  • Sheds
  • Buildings
  • Fences
  • Roads
  • Landscaping
  • Ponds
  • Pools

Personal Property

Personal property refers to tangible (physical) and intangible (non-physical) items not permanently affixed to the land. Basically, personal property refers to anything that is …

804 Views, 0 Comments

Read Full Post