KNOW YOUR RIGHT PROPERTY DOCUMENTS
Certainly! Here are some essential property documentation processes in the real estate business, simplified for someone new to the field:
Title Deed:
This document proves ownership of the property. It's crucial to verify the authenticity and history of the title deed to ensure a clear and legal transfer of ownership.
Survey Plan:
A survey plan provides a graphical representation of the property's boundaries and dimensions. It's essential for verifying the land's size and boundaries.
Building Plan Approval:
Obtaining approval for the building plan from the appropriate authorities is necessary before starting any construction work. This ensures compliance with local building regulations.
Sale Agreement/Contract of Sale:
This document outlines the terms and conditions of the property sale, including the agreed-upon price, payment terms, and other essential details. It's crucial for legal protection and clarity between the buyer and seller.
Receipts of Payment:
Keeping records of all payments made and received concerning the property transaction is vital for financial tracking and transparency.
Certificate of Occupancy (C of O):
This document is issued by the government or relevant authority and confirms the legal right to use or own a property. It's crucial for verifying the property's legitimacy.
Tax Clearance Certificates:
Ensuring the property has valid tax clearance certificates helps confirm that all taxes related to the property are up-to-date and paid.
Power of Attorney:
If someone is acting on behalf of the property owner (e.g., a legal representative or agent), a power of attorney document grants them the legal authority to do so.
Understanding and ensuring these documents are in order is fundamental in the property business to safeguard against legal issues and ensure a smooth transactions
If you have any course of buying a geniue property be it lands or buildings do not hesitate to contact us at StoneBridge Real Estate and Property Management for your fraud and hassle free properties.
For more professional property updates, contact StoneBridge Real Estate and Property Management
Best regards
For : StoneBridge Properties
09168838622
Comments
Post a Comment