A property report is a collection of documents that together form a complete profile of a property. Land reports are used by potential property owners, sellers, mortgage lenders, real estate professionals, attorneys, and other parties. Licensed surveyors create "real property reports," which are legal representations of the boundaries and footprint of a property. Property reports also provide information on a property's ownership and sales history, as well as local market figures and listing pictures. A property report is also a legal document that a timeshare developer must provide to potential buyers.
A property report includes information such as the address, owner's name, physical description of the building or location, including layout and design, improvements to the property, history, sales and listing activity, local market statistics, neighborhood demographics, and foreclosure activity. Listing photographs and information about local schools can be included in a property report. To build a full image of a house, real estate brokers and agents may use both public and proprietary data. A licensed surveyor's property report determines property boundaries that can be used to resolve disputes. These reports are crucial for someone who is constructing a new home or adding a patio, garage, or fence to an existing one. A utility corporation can have easement rights to maintain and fix water lines, sewage pipes, and other infrastructure, according to the surveyor's report. The existence of surface waters such as ponds or wells, as well as the location of old cemeteries that may be on a plat, are all included in surveyors' records.
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