Sale and negotiation. The agent will sell your property at auction or communicate between the seller and the buyer in order to obtain a price acceptable to both parties. The buyer then pays a reward. (a) Where the Seller does not provide the legal/statistical ownership documents required by the Buyer If the Seller sells real estate as a house, the Seller must obtain permission to transfer the property to a competent authority, development authority or company. The buyer has the right to request payment receipts stamped with the original stamp of payments made by previous and current sellers from the contracting authority or developer. Right: A seller is obliged to inform the buyer of any action in progress on this property and which may prevent the sale or transfer to this property. A contract of sale is a promise in the future that the property will be transferred to the rightful owner, while the deed of sale is the actual transfer of ownership to the buyer. The debit certificate is used in real estate transactions to indicate the free title. When buying an apartment, land or house, the buyer wants to make sure that the land or property does not have legal taxes. The crooked or seller must be a competent person to enter into a contract, that is, he must be major and sane and must not be legally disqualified to transfer ownership.
A minor or a person with an unhealthy mind is incompetent to transfer his own property, although it is his owner. For every transaction of sale or purchase of real estate, a „no certificate of effort“ is a very important document. This certificate is also issued for the purpose of pledging property during the search for a plan. The certificate certifies that the property in question is not already mortgaged. If it is already mortgaged, the responsibility for the outstanding loan can be re-elected to a new owner. In the case of inheritance law, the owner of the property transfers the right to the property and its ownership for a certain period of time and the owner is designated as the owner and the other party as the tenant. Ownership and ownership are automatically transferred to the owner at the end of the rental period. To deliver ownership of the property, a seller is required to hand over ownership of the property at the time of execution of the sale.
As a rule, buyers and sellers conclude a contract of sale, orally or in writing, before the execution of the deed of sale. After the conclusion of this purchase agreement, it is recommended that the buyer obtain all the necessary information listed above. The letter that transfers the assignment of the property to the seller of the company or competent authority is a seller of primary documents that you must have in order. Title deed means: „A title is a favorable document that represents a person`s right to own and possess property that can be recognized as the property or property of a person or thing. At a fundamental level, a title is a document that indicates the recognition of ownership. In a system of government that recognizes individual property rights, a person is able to own a vast amount of material and intangible property. Securities may be purchased by purchase, filiation or issue“. The seller is obliged, between the date of the contract of sale and the delivery of the property, to take as much care over the property and all associated ownership documents in his possession as an owner of ordinary prudence would take such goods and documents. For each real estate transaction, the borrower bears the maximum risk. Even experts agree that all real estate transactions carry some risk.
From the buyer`s point of view, it is very important to protect your interests before signing under the polka dot line. I list the 5 most critical clauses to include in the real estate sales contract to protect the interests of the buyer. If all the purchase money has been paid by the buyer, the seller is obliged to deliver to the buyer all the ownership documents relating to the property that are in the possession or in charge of the seller. . . .