Property Verification 03/20
How to verify property online?
Scan the documents and upload on www.newlawyer.com, experts in property legal issues will offer consultation through phone and send the report on mail or whatsapp or on the other available channel.
Who needs property verification?
Any one may be a purchaser /seller / any individual planning to purchase/ invest/ gift/ or so Property Title Documents Verification is must while taking property on lease for long periods or Purchasing a house with or without home loans. Even sellers ensure that property transfer execution is done in a clean and legal manner to avoid any legal consequences or disputes in the future, Individual property investors must exercise their right periodically.
Trusted Source for the Verification of Property Title Documents?
Of Course your legal advisor but also advise or check the documents from an independent lawyer( means other than the bank panel lawyer / family lawyer & in loan cases documents are verified by bank panel lawyers, specialized in property issues & legality title search report.
What is the Pro-property verification. ?
Collect the current deed of the property from seller and consult with professional Lawyer which Updates you on the document pandancy( means documents required to complete the Title/Property) & the Panel Lawyer/ Advocate will look into the same and will cross-verify the chain of the documents with the records available online and will visit the Registrar Office if required and generate the report which is called Pro-Property Verification.
Is it required to do property verification, In case where the seller is a Builder or Real Estate Agent ?
Double Yes (Property purchase from builders or Real Estate Agents are very risky because after a long time you find the trouble in their commitments & legal issues of compliances with competent authorities and so on..) Verification of documents is must to ensure peace of life..
How much time will it take for property verification?
It depends case to case ( means how long the chain of documents is) and also depends on the records available in Book no.3 and 4 .
At what point of time verification of property documents be verified?
Before entering into an Agreement to Sell or before paying the token money to seller,agreement, Once a purchaser shortlists its property/land, first step – hier or consult with the professional Advocate ( expert in sell and purchase property)..
What Is a RERA certified Builder ?
RERA Certificate Builder it’s like a Licence in Real Estate Regulatory Authorities, this licence only for limited time, Ask for the RERA registration copy and Check expiry date, project name and when the project name differ ask for the amended Licence/RERA Reg, Number, better is to consult with Advocate.