Can Property Be Sold Without The Original Sale Deed?
A legal document called a sale deed is used to transfer ownership of property from the seller to the buyer. It includes important information like the description of the property and any terms or warranties that were agreed upon. However, can a property be sold without the original sale deed? What happens if you misplace the original property documents? Which paperwork is needed when selling real estate?
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What is a sale deed?
A legally binding document known as a sale deed helps the seller and buyer transfer ownership of real estate. It describes the terms & conditions of the transferred property, including the purchase price, the property’s description, the buyer and seller’s contact information, and any other pertinent terms or conditions. The sale deed establishes the buyer’s legal ownership rights over the property and certifies the completion of the transaction once it is signed and registered.
Which paperwork is needed when selling a property?
Both buyers and sellers should be aware of the many paperwork need for smooth real estate transactions when selling a home. Thus, before starting the selling procedure, it is necessary to review the following documents.
- Mutation Register Extract
- Sale Deed
- No-Objection Certificates (NOC)
- Sale Agreement
- Power Of Attorney (POA)
- Property Tax Receipts
- Completion Certificate
- Khata certificate
- Copy Of Building Plan
- Encumbrance Certificate
- Allotment Letter
- Occupancy Certificate
- Possession Letter
What to do if the original property papers are lost?
In order to protect their interest, the owner must act quickly if the original property documents are lost. The actions you can do are as follows:
File a First Information Report (FIR): Notify the local police station about the disappearance of the original property documents. To prove the loss, get a copy of the First Information Report (FIR).
Notify authorities concerned: Notify the relevant authorities—the sub-registrar’s office or the land records office, for example—of the missing original documents.
Advertise the loss: Announce the loss of the original property papers in an article published in a reputable daily newspaper.
Apply for certified copies: Request from the sub-registrar’s office certified copies of the property paperwork. The original property documents are legally replace by these copies.
Update records: As soon as the certified copies are received, replace the old ones in all of the property-related documents and transactions.
Can the property be sold without the original sale deed?
Without the original sale deed, selling a property is hazardous and legally complex. The sale deed is necessary for a legal property transfer and acts as evidence of ownership. Nonetheless, the authorities can accept certified copies or duplicates in extraordinary cases, such losing the original deed. To guarantee that the transaction is lawful, it is essential to speak with legal professionals and adhere to the correct protocols.
To sum up, a sale deed is essential to real estate transactions. Conflicts and issues may arise if the original sale deed is not produced. A seamless and legally legitimate transaction depends on acquiring the requires papers, even if certified copies of the selling deed may be accepted in some situations.
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