Property Lawyer in Mumbai for Verification & Registration Services
People invest their life savings in purchasing property, so it is critical to have all property documents verified and checked before purchasing. Here's how a property lawyer can help you.
A property lawyer knows the legal documents and procedures to be followed when purchasing real estate. A lawyer is a go-to person for determining whether the documents appear genuine or whether the property appears legally faulty.
Spending a few thousand rupees on verification with the assistance of a lawyer is a wise decision for a property worth lakhs or crores because it ensures that you are investing such a large sum in the right property.
Let's get in-depth and understand what a property lawyer in Mumbai for verification and registration can do on your behalf efficiently.
In what circumstances must property documents be verified?
When you enter into a real estate transaction in Mumbai, you must verify documents such as:
- When you take out a home loan as a buyer
- When mortgaging your property to obtain a loan against it
- When you take a long-term lease on a commercial property
Which documents must be verified?
- Conveyance Deed
- Sale Deed
- Purchase Agreement
- GPA/Power Of Attorney
- Will
- Relinquishment Deed
- Partition Deed
- Freehold/Mutation Details etc.
What will a property lawyer do on your behalf?
- Checking whether the seller's title is clear and transferable
The first and most important requirement is to ensure that the seller has clear and transferable ownership rights in the property. A person cannot transfer a better title than the one he possesses, and this must get confirmed by reviewing the "Mother Deed" and the chain of titles ending with the current seller.
A top property lawyer in Mumbai will do this on your behalf to ensure that the property you are considering is clear and can be bought without hesitation.
- Look for the title and right records.
Based on the information in the mother deed, records must be searched with various government bodies/offices such as the Public Index in the Municipal office, the Local registration office, the Land Reform office, the Land Revenue office, etc. to confirm that the current seller is the valid owner and has the authority to transfer ownership rights in the property.
- Look for encumbrance and charge.
It is necessary to ensure that the proposed property is not encumbered or charged as security for any loan the seller obtains. An encumbered / charged property's right title and interest cannot be transferred unless the charge is released.
- Look for litigation
It is essential to check whether there are any pending litigations on the property. A property lawyer will ensure that the desired property is not the subject of any legal proceedings.
- Requisition and acquisition searches
To ensure that the concerned property is not under any notice of requisition/acquisition, searches must be conducted with the Land Acquisition Office, Improvement Trust, Land Reforms, Land Revenue Office, etc.
Any property transferred in violation of such notice is null and void and subject to subsequent litigation.
- Looks for statutory approvals
It must be ensured that all necessary approvals from the relevant authorities have been obtained for the project containing the property.
Some of the necessary approvals are a site plan sanctioned by the appropriate authority, government agencies such as land development authorities, planning authorities, environmental clearance authorities, income tax clearance authorities, and so on.
- Takes extra precautions in specific immovable properties
Extra caution is required when dealing with transactions involving trust properties, minors, widows, and lunatics, as well as parties from other religions, as they are governed separately under personal laws.
A top property lawyer in Mumbai will take extra precautions when dealing with such properties.
- Creating the sale agreement
The primary legal document is the sale agreement, and all parties involved in the transaction deal with and are based on this document only.
In the event of a breach of contract by any party, the aggrieved party may pursue legal action under the terms of this agreement. The lawyer will ensure that the terms are correct and work in favor of their client.
- Draft conveyance deed preparation
A draft of the final conveyance deed is prepared for approval of all parties involved in the transaction at the appropriate time of registration as stipulated in the Sale Agreement and by mutual consent of the parties. Both parties' lawyers review and approve it.
- Final conveyance deed preparation, execution, and registration
The buyer becomes the owner of the purchased property after the conveyance deed is registered and the buyer receives the original deed from the registration office.
To Conclude:
Realtors often launch large projects without all of the necessary licenses, causing projects to halt and you to lose your investment. Furthermore, when purchasing a standalone property, there may be issues with legal ownership.
Best property lawyers in Mumbai conduct legal property document verification to determine the authenticity of the documents presented by the alleged owner of the property or the realtors selling the property.
Their team members' specialization and experience support their legal property verification approach. They take a holistic approach to property due diligence to provide you with a safe and confident feeling about your decision to purchase the property of your choice.
About the Creator
Krutika Shetty
Hey, I am a lawyer . If you are looking for any legal services. Law Firm is a full -service legal firm with its offices presently in Mumbai & Navi-Mumbai.
Contact us or visit our site now:https://kaleeyantey.com/
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