Precautions you should take Before Buying a Property in Lucknowby Sanjeev Y. SEO Consultant
It is always said that taking precautions is better than curing it. It would not only beneficial but also save you from many other disadvantages especially when you are buying an immovable property.
There are several laws to ensure the fair deal between the realtor and the buyer. But, first time home buyers or newcomers to the city often find it difficult to go through all the minute details in their busy lives. So, here is a diligent check if you are going to buy a property in the Lucknow City.
Check the title of the property
There are various ways how you can know that the title of the property you are going to buy. Here are some points:
Study the documents of title to ensure that the owner has proper ownership of the property. The proper study of the title is the only way to avoid any defective title.
• Inspect the original title deeds.
• Search the land records and the records of the Sub-Registrar.
• Search the records of the society where the property is.
• Inspect sanctioned plans and layout
Check for public notice in newspapers calling for claims in respect of the property.
For buying properties under construction, a check for commencement certificate should be ensured. If the building is not in accordance with the sanctioned plans, it will not hold a certification of completion. If you are buying property in Lucknow which is ready for possession, verify the certification.
Know the Tenure of Land
the tenure of the land before buying the property. If the residue
tenure of the lease is short and there is no provision for renewal on
old rent, you will have to pay the rent in addition on the renewal of
the new lease. You may also be asked to vacate the property in case
of no renewal of land at all.
Know the Permitted user and Restrictions
You should also verify that the property is residential or commercial according to the Development Control Regulations. You can check several additional clauses like heritage rules, future development plans and restricted construction on the road may apply to certain buildings.
Ensure the Proper Documentation
Proper documentation ensures the right place for buying property in Lucknow. You should check the stamp, registration and title deed by the seller.
How can real estate agents help you in buying property in Lucknow?
Real estate agents can offer their services for getting you best property deals in the locality. They also provide property dealing in following domains:
• Checking tenure of the land and lease
• Verification of property certificate
• Right title of the property
Created on Aug 24th 2018 03:42. Viewed 275 times.