Everyone wants to buy their own house. Some buy a shop and some invest money in the land. But, lack of knowledge about property purchase becomes difficult for many buyers and they end up falling prey to fraudsters and lose their hard earned money.
In such a situation, it is important that before buying the property, you should know what kind of documents prove the property you are buying to be correct and authentic (Property Buying Guide). There are 10 such documents which give clarity about the condition of house, shop, land or any other type of property. If these documents (Legal Documents for Property) are checked before buying the property, then the buyer can avoid cheating or forgery.
Every state has a property regulator, RERA, to oversee the buying and selling of houses, flats or plots. This organization protects the interests of buyers and protects them from fraud or any other kind of loss, while monitoring builders or real estate companies and enforcing rules for them. Despite ignoring these rules, some builders or property sellers trap the low customers.
What to do before buying a property Customer
If you are thinking of buying any kind of property, first of all you should check the RERA registration and the documents related to the property.
If the customers check these documents, then they will be saved from cheating.
The original documents of the property, house etc., which they are going to buy, should be checked. Because these documents prove to be authentic of the related property and you are investing money at the right place. See the list below –
- sale deed
- title deeds
- approved building plan
- Completion Certificate (for newly constructed property)
- Commencement Certificate (for under construction property)
- Conversion Certificate (if agriculture land is converted to non-agriculture)
- Account Certificate (Exclusively in Bengaluru)
- Encumbrance Certificate
- latest tax receipts
- Occupancy Certificate