Any practical person runs away from legal battles which are understood because no one wants to take up the hassles of a court battle, appointing lawyers, paying hefty fees, and the rounds to the court. Property battles are a common sight in our country, and there are many such cases happening, now even though a rational person will try to resolve a dispute without involving the legal authorities, in some cases it is not possible to draw a solution so the court has to be involved. Hence when a person finds themselves in a court case over the property, they should seek the help of Vedic astrology and get a report for legal issues of property.
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Selling a property can be a huge headache for people who are new to it. So here is a list of legal considerations that you should keep in mind while making a sale: • First and foremost is to get a trustworthy agent, if it’s your first sale then you need someone who is experienced and can get you a good deal. • The Next thing to keep in mind is the vendor statement which has all the necessary details for the buyer. • Another important thing to keep in mind is the contract of sale; it should be clearly defined with all the necessary details. This contract has all the terms and conditions of the sale, so you should make sure that all the terms are clearly defined to avoid any confusion or conflict.
Real estate is a risky business and a buyer needs to be careful of many things while making a purchase, one such thing is checking if the property is disputed. A disputed property is a property that has some sort of legal case or action pending. Many sellers tend to hide the fact that their property is disputed so the government has passed an amendment to protect buyers in such cases. A buyer can enquire at the registrar’s office regarding the property and see if there any pending claims. The seller is obligated to provide any such details of any court proceedings in their file. Each seller has a file number, so as a buyer you can ask for the file number and then go to the registrar’s office to find out any details of the property.
There are various legal issues that buyers and sellers have to face in the real estate market like: • Incompetent agents: It is getting difficult to trustworthy and experienced agents who can ensure that the entire process goes smoothly. • Unending project delays: The real estate market has been impacted by the construction delays which are caused by the poor allocation of funds by the developers. • Software and computer challenges: There are a number of new software in the market which makes it difficult to keep track. Many buyers and sellers are not very well versed with these software’s which causes trouble in dealings. • Disclosure: This is one of the most common issues faced by buyers and sellers in the real estate market, there are many cases where important details of either the property or the contract were not disclosed by either party.
A legal ownership document is amongst the various documents needed while registering for GST. It is a municipal or state-issued document that provides identification to the owner of the property. In simple language, it means that it gives the holder the right to ownership. It includes all the necessary details like the name of the owner and information on the property. It is needed for the assessment of ownership in the process of selling or buying of property as well as for public record-keeping. When the sale of a property takes place, it is the duty of the seller to convince the buyer that their ownership is free from any claims. An important part of the process of the sale of a property is proving the ownership which can be done with the help of the legal ownership document.
Following are some of the main rights of a property owner: • Right of Possession: This ascertains the legal ownership of the property. After all the payments have been made, the title of ownership transfers from the seller to the buyer. In case of a loan, the title of ownership doesn’t transfer until all dues are cleared. • Exclusion Rights: This is nothing but the right to privacy and choice. In simple words, it means that the owner has the right to decide who will be allowed to enter their property. The owner has the full right to deny entrance to their property. • Control and enjoyment rights: The owner of the property has the right to use their property however they want, however they need to follow the legal guidelines and the rules of their residency or welfare association. • Selling right: The owner of the property has complete freedom to sell/lease/rent their property to anyone of their choice. No one can question their choice; all the terms of the sale can also be decided by the owner.