Table of Contents
- 1 Can someone misuse my property papers?
- 2 Can you misuse sale deed?
- 3 How can you tell if a deed is for sale?
- 4 What if sale deed is lost?
- 5 Can a property be sold without a proper sale deed?
- 6 Can a case be filed against you for buying a property?
- 7 What is the difference between an agreement for sale and sale deed?
Can someone misuse my property papers?
If you submit your papers the private party he may not misuse but he may try to trouble in future if you are not able to repay in time. The rate of interest here will also be more than in the banks. Giving land papers worth of 70 lakh rupees for a loan of Rs.
Can you misuse sale deed?
Original documents that you have have given to him he can misuse it. The only way to give all payments by cheque to both persons. If any things happens you have a proof that you have paid for property to both owners.
Is it safe to share copy of sale deed?
Sale deed is required for Legal due diligence on the property so as to avoid any future litigation with the property. It is advisable not to share the sale deed unless and until the negotiation discussion is in advance stage and buyer is genuine.
How can you tell if a deed is for sale?
The genuineness of any title deed document can be ascertained only when the certified copy of the document is obtained from the records of the sub-registrar. This should be compared with the original document and the same should tally in all respects.
What if sale deed is lost?
If the sale deed is lost, you can obtain a duplicate certified copy from the concerned sub registrar’s office. Following steps help you to get your duplicate sale deed. Lodge police complaint: File an FIR (First Information Report) reporting the missing of the document.
How do you check if land is real?
How To Check If Your Property Is Legally Verified?
- Check for the title papers. A property should have a clear title, without any dispute.
- Ask for bank approvals.
- Encumbrance certificate.
- Tally the approved plan with actual site.
- Check out property tax slips.
- Project has a registered society.
Can a property be sold without a proper sale deed?
So, if you have purchased any property under any agreement for sale, without it being followed by a proper sale deed, you do not get any right or interest in the property purported to be transferred under the agreement of sale. This absolute rule is subject to the exception provided under Section 53A of the Transfer of Property Act.
Can a case be filed against you for buying a property?
Civil and criminal cases may be filed against you by the actual owner of the property if you purchase the property from the seller who does not possess the sale deed thereof. 3. A property cannot be registered if the seller does not possess the sale deed thereof.
Is it safe to buy a house with a missing title deed?
Lawyers are available now to answer your questions. 1. It is never safe to buy a property whose original title deed is missing. 2. The seller may have taken a loan by depositing the original title deed thus creating a charge on the property for unpaid loan amount. The original deed may have been filed in a pending civil litigation.etc.
What is the difference between an agreement for sale and sale deed?
An agreement for sale is a promise in future, that the property will be transferred to the rightful owner while sale deed is the actual transfer of property ownership to the buyer. Was this article useful?