Overview

Once you decide to buy your dream property, there are many documents you need to look into thoroughly before closing the deal. If you ignore this, you may be in for an enduring trouble. It is always advisable that property buyers must insist on seeing the original documents of the property before making the advance payment. It is prudent on your part to make a huge advance payment only when you are satisfied with the authenticity of the documents.

A lawyer can help you avoid some common problems with a property purchase or sale.

Even if a lawyer is not needed during the course of negotiations, the buyer and seller each may have to consult with a lawyer to answer important questions, such as the tax consequences of the transaction. To a seller, the tax consequences may be of critical importance.

The purchase agreement is the single most important document in the transaction. Although standard printed forms are useful, a lawyer is helpful in explaining the form and making changes and additions to reflect the buyer's and the seller's desires.

It is good to take a consultation from the lawyer before buying the Property. Property may be of many types, it may be Residential Flat, Plot, Agricultural Land, Revenue sites etc. Lawyer will clarify your queries about the title of the property. The lawyer will go through the Mother Deed/Sale Deed, Khatha Certificate & Up-to-date Tax paid Receipts, Joint Development Agreement, Encumbrance Certificate and Approved Plan other related Documents pertaining to the Property.

Name : Veena Ranganath

Law Firm Name : Versatile Legal

Country : India

City : Bangalore

State : KARNATAKA

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