Document background
The Uninsured Deed Affidavit is a crucial document in Canadian real estate transactions where parties opt not to obtain title insurance. It serves as a protective measure for both sellers and buyers by providing sworn statements about various aspects of the property's status and history. This document becomes particularly important in jurisdictions across Canada where title insurance is not mandatory or where parties choose to rely on traditional title verification methods. The affidavit typically includes detailed declarations about property ownership, possession history, boundary issues, tax status, liens, and encumbrances. It helps establish clear title history and provides additional security in property transfers by creating a formal record of the seller's declarations about the property's status.
