Important Documents Involved In A Home Buying Processby jessica sa Digital Marketing Expert
A real estate
transaction involves an extensive documentation process that is vital to
authenticate the deal and make it official in the government records. When
planning to invest, buy or sell a property, one should be aware of the
different kinds of documents required.
Looking for a new home aware of the important documents involved in a home purchase.
Listed below are the documentation process involved in a real estate transaction.
• Title deed — It proves the ownership one has over the property. It is specifically required when the property is transferred or sold to a new person.
• Commencement certificate — It is a legal document issued by the authorities like the municipal corporation after the inspection of the site. The document allows for the commencement of the construction.
• Completion certificate — It is a mandatory legal document which attests that the new building’s construction has been completed with compliance of norms and regulations mandated by the government.
• Occupancy certificate — Issued by the local planning authority, it certifies that the building is fit to be occupied after verification of adherence to building and safety regulations, utility provisions, etc.
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Created on Mar 23rd 2019 01:00. Viewed 325 times.