Homebuyers usually misinformed about the documents involved in a resale property transaction. There are several legal documents that you should check and verify before making the purchase, flats and apartments in Calicut. You should be well acquainted with certain procedures & rules while confirming the property purchase decision. The proposed home buyer should cross-check all the paper works involved & make sure that the property has all needed government approvals.
List of documents that should be verified by the buyer
1. Sale Deed
The sale deed is the prime legal document to verify before making the investment in premium 3 BHK apartments in Calicut. The sale deed is the proof of sale and transfer of the property.
2. Building Plan
Check whether the property has an approved building plan or not. If not there is a risk of being demolished in the future.
3. Completion & Occupancy Certificate
Both the completion and occupancy certificates signify that the property is built in accordance with the approved layout & specified laws.
4. Encumbrance Certificate
The encumbrance certificate indicates that the property hasn’t any legal and monetary liabilities.
5. Tax Paid Receipts
It’s a good practice to check all the tax receipts to confirm that there is no outstanding dues attached to the property.
6. Home Loan Clearance Document
You must verify home loan clearance document while investing in budget flats in Calicut. It is a very important document to verify.
7. Possession Certificate
Possession certificate is issued by the builder to the first owner & it is not reissued. But the seller should give it to the buyer.
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