Easy Ways to Avoid Property Disputes
Dec 07, 2017 Home Trading Steps
A large number of cases in our judicial system belong to property disputes. There are different kinds of property disputes that includes property possession, the title of the property, problems between co-owners, legal heirs, dispute related to easement rights, property papers, title deed and many more. For all such disputes, you need to provide proper documentary evidence to get disputes solved followed by a long and tedious process. Hence, it is better to avoid such property related disputes to avoid further harassment and risk.
1.Title of the property: before investing or purchasing a property, check thoroughly property’s title documents, for the period of at least 30 years. One of the ways to find out whether the property is clear legally is by checking if it is approved by any of the leading banks or not. As banks only approve those properties which are legally clear and have all valid documents. However, the investigation of the title of the property is usually carried out by a reputed title investigator or an advocate. Also be sure that the property is not mortgaged.
2.Approved plans: compare the approved plan with the actual built-up area that you are getting. Get the sanction plan from your builder and check it thoroughly with the actual one. It is very important as a lot of times the approved plan is not as same as the actual built-up area. So it is better to avoid buying such property as such construction is considered to be an illegal one.
3.Dates regarding sale deed: be sure that the dates mentioned on the stamp papers are same as that mentioned on the transfer of the title documents. If there is some mismatch, it might create problems in the later stage.
4.Matter of inheritance: investing in an inherited property requires a lot of attention. Make sure that the beneficiary name of the property has been changed in the respective government documents and revenue records, based on the kind of the property. Do check that the property has been transferred with all the required proof of inheritance such as a will or a letter of administration or succession certificate. If there is no will then make sure that the property was distributed according to the laws of applicable succession.
5.Approvals from municipal authorities: make sure that the property you are investing has all the required approvals from various departments of Municipal Corporation as well as from other authorities. Also, check that the property has all licenses and if not, then apply and obtained required licenses from concerned departments.
1.Title of the property: before investing or purchasing a property, check thoroughly property’s title documents, for the period of at least 30 years. One of the ways to find out whether the property is clear legally is by checking if it is approved by any of the leading banks or not. As banks only approve those properties which are legally clear and have all valid documents. However, the investigation of the title of the property is usually carried out by a reputed title investigator or an advocate. Also be sure that the property is not mortgaged.
2.Approved plans: compare the approved plan with the actual built-up area that you are getting. Get the sanction plan from your builder and check it thoroughly with the actual one. It is very important as a lot of times the approved plan is not as same as the actual built-up area. So it is better to avoid buying such property as such construction is considered to be an illegal one.
3.Dates regarding sale deed: be sure that the dates mentioned on the stamp papers are same as that mentioned on the transfer of the title documents. If there is some mismatch, it might create problems in the later stage.
4.Matter of inheritance: investing in an inherited property requires a lot of attention. Make sure that the beneficiary name of the property has been changed in the respective government documents and revenue records, based on the kind of the property. Do check that the property has been transferred with all the required proof of inheritance such as a will or a letter of administration or succession certificate. If there is no will then make sure that the property was distributed according to the laws of applicable succession.
5.Approvals from municipal authorities: make sure that the property you are investing has all the required approvals from various departments of Municipal Corporation as well as from other authorities. Also, check that the property has all licenses and if not, then apply and obtained required licenses from concerned departments.
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