what's a schedule a?

July 23, 2008 7:28 AM

What the heck is a "Schedule A" in real estate?

This question is referring specifically to real estate in Canada, I don't know if it's different in the US or elsewhere. What does it mean when a property ad says "Schedule A required"?

Canada jokes involving the phrase "schedule, eh?" prohibited.

posted by crazylegs to home & garden (4 comments total)

In the US, a schedule A is the legal description of the property - for an example, check out NYC's acris system (you can google for it) and look at any deed or mortgage - they should all have schedule a's attached.
posted by chloelikedolivia at 11:07 AM on July 23, 2008

In Canada, a "Schedule A" is a form you submit with your offer that indicates that you understand that the property is being sold "as is where is" and therefore may not be in the condition you first viewed it. You are waiving your right to litigation upon finding any kind of defect at all.
posted by lunaazul at 2:58 PM on July 23, 2008

Forgot to add, a "Schedule A" is required when the property is under foreclosure.
posted by lunaazul at 3:00 PM on July 23, 2008

In my NYC real estate office, the schedule As that we deal with are spreadsheets that list each unit of the building and information about that unit, such as square footage, number of bathrooms, selling price, projected taxes etc.
posted by silverstatue at 9:30 AM on July 24, 2008