Is it acceptable to use an old Real Property Report (RPR) for a new property transaction?

Using an old Real Property Report (RPR) for a new property transaction can be appropriate under certain conditions, specifically when the old RPR is still current with respect to the property’s boundaries and structures. This means that the information presented in the RPR accurately reflects the present state of the property as it was at the time the RPR was made.

An old RPR may be acceptable if there have been no significant changes to the property, such as modifications in structures, new constructions, or zoning changes since the report was issued. In this case, the report would serve as a valid representation of the property, and its use could facilitate a smoother transaction process.

However, if the RPR is outdated and does not reflect the current state of the property, or if there have been changes that would impact its validity, then using that report may lead to misunderstandings or legal issues regarding property boundaries and development compliance. This emphasizes the importance of ensuring that the old RPR is verified and considered relevant before proceeding with its use in a transaction.