Transferring ownership of the property from the seller to the buyer is necessary for the selling procedure to be completed. This procedure must be followed not only for the buyer’s and seller’s eyes but also for the approval of the relevant State government. There is a regulated procedure for doing this, which entails the creation and filing of transfer paperwork like a sale deed. This is a legal document that serves as both a record of and verification of the transfer of ownership of the subject property from the seller to the buyer.
Sale agreement: Clauses and important notes
You’ve found a buyer, talked about the price, and shaken hands to close the deal. But that is not enough on its own. A “Sale Agreement” or “Agreement to Sell” should be written up to make sure that the buyer is real and to get all the details of the property sale in writing. READ MORE…
Process of Property Registration
Property Registration is an important part of buying a home. Registration is probably the most complicated step in the whole process of buying a home. Even the smartest home buyers can get confused by all the rules and paperwork. So, it’s best to always get help from a good broker or real estate agent. READ MORE…
Selling: leasehold property vs freehold property
Before beginning the process of transferring property ownership, you, as the seller, must determine whether your property is freehold or leasehold. This is important because the type of property will affect the selling process. Before we get started, let’s talk about what leasehold and freehold properties mean. READ MORE…
Property transfer process
After registering property there is a property transfer process where the property ownership title is transferred to the buyer, you might think the process is over. However, the mutation is still an important step that needs to be done. READ MORE…
