Purchasing a property is a significant investment, and it’s crucial to ensure that all legal aspects are thoroughly checked before finalizing the deal. Here’s a comprehensive legal checklist for homebuyers to follow:
Title Deed: Verify that the seller holds a clear and marketable title. Ensure there are no legal disputes or encumbrances on the property.
Property Documents: Check the property purchase legal requirements, including the approved building plans, occupancy certificate, and land use permissions.
Land Ownership: Ensure the property is free from any land disputes. If it's agricultural land, verify the conversion documents to non-agricultural status.
Encumbrance Certificate: Obtain an encumbrance certificate to confirm the property is free from mortgages or liens.
Tax Receipts and Bills: Ensure all property taxes, electricity, and water bills are cleared up to the current date.
RERA Registration: Check if the property is registered under the Real Estate (Regulation and Development) Act (RERA). This ensures transparency and accountability.
No Objection Certificates (NOCs): Obtain NOCs from authorities, including the municipal corporation and housing societies, if applicable.
By following this checklist for homebuyers, you can ensure that your property purchase is legally sound and free from potential issues.
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