Property Legal Opinion / Document Verification

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When you decided to invest in property, it is better to have a legal verification on the property by the experts, failing which you may owe a huge risk on your investment. There are many people who wander from legal litigation after they puchase the property, and in some cases, people come know the legal litigalition when they try to sell their property.It is wise to get legal verification on the property before investing, since it saves and secures your investments. Spending few thousands of money may secure your lakhs of investment in property.

Property verification includes various facets i.e vetting of papers relating to the origin of the property, chain of title or property ownership, occupancy certificate, Sanction certificate from various authorities dealing with building plans, fire safety etc, property tax dues etc, and latest receipts of payments made towards various out-goings like water, electricity, ground rent etc. Property verification process also varies subject to the property of investment such as land,residential house, flat etc and does not remains the same.

Legal experts are those who are the subject matter experts in property document verification who will render the following property document due diligence such as

• Validating Title Deed or Mother Deed or Parent document of the property (Validating the genuineness and reliability of the documents pertaining to the property.)
• Government approval on building plan (If the apartment is already constructed check if they have built as per the plan)
• Agreement of Construction
• Commencement Certificate (Certificate issued by the municipal corporation if the construction has not begun)
• Completion Certificate (Certificate issued by the municipal corporation if the construction is already completed to ensure that building is constructed according to the approved plan)
• Occupation Certificate issued by Municipal Corporation.
• Encumbrance Certificate issued by concerned Sub-Registrar to ensure the property has not been mortgaged as security for any loan Tax receipt and bills (to ascertain whether any notices or requisitions relating to the property are outstanding by the municipal coroporation)
• Power Of Attorney
• NOC from the societ/building association
• Allotment letter from the builder/housing board
• Deed of Declaration

It is very difficult for a common man to do all the due diligence by himself as it requires deep knowledge in various field like legal etc, hence it is always recommended to get property legal verification by the experts.

Talk to legal experts to get clarified with your doubts!

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