Introduction
Everyone wants to acquire Real Estate Assets, first for the need-based facet – ‘A Dream Home’ and for the second facet – lucrative ‘Investment’, the only asset, which appreciates over years and also offers periodical returns (lease rentals), which increases over the years, beating the inflation. But unfortunately, real estate dealings are complex, involving legal, […]
GPA/POA Drafting & Registration:
Power of Attorney (POA) or General Power of Attorney (GPA) is a legal document that allows oneperson to act on behalf of another person. In other words, a legal authorization provided to aperson, called an attorney and Agent or POA Holder, the power to act on behalf of another person,known as the principal or executant. […]
Khata Transfer
Khata (Urdu/Hindi Word), virtually means an account. Yes, Khata is an account of immovable property, maintained by a jurisdictional civic authority such as BBMP (Bruhat Bengaluru Mahanagara Palike), BDA (Bangalore Development Authority), Municipal Corporation/Council, or Grama Panchayat. Although Khata is not an ownership document (Title Document such as Sale Deed, Gift Deed, Release Deed, etc.), […]
Sale Agreement/Sale Deed
Sale Agreement: The Sale agreement is a prelude document expressing the consent to sell by the vendor and consent to purchase by the purchaser for a particular property with agreed terms and conditions. Under the provisions of the Indian Contract Act, of 1872, an agreement to sell or sale agreement is a legally enforceable contract […]
Home Loan Assistance
As a large majority of buyers need financial assistance before inking the deal on buying a particular property, one needs to ensure the loan amount that can be sanctioned. Although banks and HFCs (Housing Finance Companies) offer financial assistance up to 80% of the purchase price, the loan amount that can be sanctioned depends on […]
Technical Evaluation
Why Technical Evaluation is important? Although the Government announces market value, known as the guidance value, such value will be nowhere near the actual value of the property, put up for sale. Hence it is critical to avail services of a technical Valuer to arrive at the proper valuation of the property. A large majority […]
Title Verification
The foremost complexity is whether the Seller has the marketable title (right of ownership, in common man’s language) to the property and has legal competence to sell the property. Since titles to properties are evolved for long years (recorded in hundreds of pages) and transferred from one to another person several times, all such conveyances […]
Selling a Property:
A piece of time-tested advice is ‘selling of property should be the last resort!’ This is due to the fact that the properties are acquired with huge sums of money, facing great difficulties, and sacrificing some of the needs and comforts of the family. And once a property is sold, it may be almost impossible […]
WILL – Simplify the inheritance
A ‘Will’ is one of the most known testamentary documents which is used in bequeathing the estate of a person. A ‘Will’ is a written document that allows individuals to direct the way their inheritance would be maintained and divided after their demise. It is a legal document by which a person expresses his/her wishes […]
Probate
‘Probate’ means a copy of ‘Will’ certified under the seal of the court of competent jurisdiction with a grant of administration of the estate of the testator. The Probate establishes genuineness of the Will and gives authority to the Executor to administer the estate in terms of the Will. A probate is mandatory if the […]