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Though it is not clear in your question, we are guessing you want to understand the documents you need to check the documents for your property. You will have to check the documents to ascertain following 3 things 1) Clear title of the property 2) Whether the Property tax has been paid till date in full 3) Whether the property is on an encroached land...
W Network
caI want to buy a flat through Kotak Bank home loan. What documents should I check? Before full completion of construction of the flat can I sign the sale agreement if yes who else will sign there? Does the landowner require possession certificate from the developer to sell the flat? Search report (prepared by SBI approved lawyer)required to get the loan is enough to confirm it's genuineness?
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W Network
caThough it is not clear in your question, we are guessing you want to understand the documents you need to check the documents for your property. You will have to check the documents to ascertain following 3 things 1) Clear title of the property 2) Whether the Property tax has been paid till date in full 3) Whether the property is on an encroached land The search report conducted by the SBI approved lawyer will more or less cover point 1 & 3. However, the banks are not very particular about point 2, which may come and haunt you later. Hence, it is advisable to get a search report from an independent lawyer as well.
We can help you in this matter, to take this discussion forward ->"Get your Wazzeer"
over 2 years ago
View answer
I want to buy a flat through Kotak Bank home loan. What documents should I check? Before full completion of construction of the flat can I sign the sale agreement if yes who else will sign there? Does the landowner require possession certificate from the developer to sell the flat? Search report (prepared by SBI approved lawyer)required to get the loan is enough to confirm it's genuineness?
-
W Network
caThough it is not clear in your question, we are guessing you want to understand the documents you need to check the documents for your property. You will have to check the documents to ascertain following 3 things 1) Clear title of the property 2) Whether the Property tax has been paid till date in full 3) Whether the property is on an encroached land The search report conducted by the SBI approved lawyer will more or less cover point 1 & 3. However, the banks are not very particular about point 2, which may come and haunt you later. Hence, it is advisable to get a search report from an independent lawyer as well.
We can help you in this matter, to take this discussion forward ->"Get your Wazzeer"
over 2 years ago
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