1. Check
the Sale Deed when looking for a
flat for purchase near me:
A Sale Deed is a key legal document that serves as proof of the property's sale and transfer from the seller to the buyer. A Sale Deed must be registered in order to be valid. It is critical to complete the selling agreement and check for compliance with the different terms and conditions agreed upon by the buyer and seller before signing the Sale Deed. The buyer should check whether the property has a legal title before signing the Sale Deed. He or she should also check to see if the property has any encumbrances.
2. Check the Mother Deed when looking for a flat for purchase near me:
A mother deed, also known as a parent document, is a crucial legal document that chronicles the property's origins/antecedent ownership from the beginning (if the property has had various owners). It's a legal document that aids in the sale of the property and establishes new ownership. If the original Mother Deed is missing, certified copies should be obtained from the registrar's office. The change in ownership of the property, whether through sale, partition, gift, or inheritance, is included in the mother deed. It's critical that the Mother Deed keeps track of past ownership in a logical and uninterrupted manner.
3. Check the Commencement Certificate (For under-construction property) when looking for a flat for purchase near me:
A Commencement Certificate is a legal document provided by local authorities following a site inspection. This document certifies that the project meets the specified requirements and aids the builder in starting construction on the job site. Failure to get a Commencement Certificate will cause the building to be considered illegal, resulting in penalties and perhaps an eviction notice.
4. Check the Conversion Certificate (Agricultural to Non-Agricultural Land) when looking for a flat for purchase near me:
The legal body for the property must issue a Conversion Certificate. The appropriate revenue authority issues a Conversion Certificate to shift the land's use from agricultural to non-agricultural. The owner must submit a specific set of documentation in order to obtain a Conversion Certificate. Three copies of the R.T.C extracts, a village map, a land sketch, a certified copy of the land tribunal, a zonal certificate, a title deed, a no dues certificate from the village accountant and a copy of the Mutation Records (MR) are all required to get a Conversion Certificate.
5. Check the Receipt for betterment charges when looking for a flat for purchase near me:
Before a Khata may be issued, betterment charges (also known as improvement fees or development charges) must be paid to the BBMP. Currently, developers are required to pay a set amount to the municipality as betterment costs. When purchasing a flat for purchase near me, a receipt for the same should be produced.
6. Check the Power of Attorney (POA) when looking for a flat for purchase near me:
A power of attorney (POA) is a legal document that allows a property owner to delegate authority to another person on his or her behalf. To transfer one's property rights, one can use a Special Power of Attorney (SPA) or a General Power of Attorney (GPA).
7. Check the Completion Certificate (for a built property) when looking for a flat for purchase near me:
The municipal authorities provide a Completion Certificate indicating that the building complies with their standards in terms of height, distance from the road, and is built according to approved plans, among other things. This paperwork is necessary when acquiring a flat for purchase near me and applying for a mortgage.