12 Important Legal Documents Verified Before Buying Property
When buying property, it's crucial to ensure that all legal documents are in order to avoid any issues later on. Here are 12 important legal documents to verify:
1. Title Deed:
This document proves ownership of the property.
2. Encumbrance Certificate:
This certifies that the property is free from any legal or monetary liabilities.
3. Property Tax Receipts:
Ensure that property taxes have been paid up to date.
4. Approved Building Plan:
Verify that the construction is in accordance with the approved plan.
5. Occupancy Certificate:
This certifies that the building complies with local construction laws and is safe for occupancy.
6. Sale Deed:
This is the legal document that transfers ownership of the property from the seller to the buyer.
7. Power of Attorney:
If the property is being sold through a power of attorney, ensure it is valid and legally executed.
8. Mutation Document:
This document updates the land revenue records to reflect the change in ownership.
9. Completion Certificate:
This certifies that the building has been completed as per the approved plan.
10. NOC from relevant authorities:
Check for a No Objection Certificate from local authorities for the property.
11. Possession Letter:
This document confirms that the builder has handed over possession of the property to the buyer.
12. Loan Documents:
If the property was purchased with a loan, ensure all loan documents are in order.
It's advisable to have a legal expert review these documents before making a purchase.