PRE-PURCHASE DUE DILIGENCE OF PROPERTY
KNOW THE COMPLETE LEGAL STATUS OF THE PROPERTY YOU INVEST IN.
PROTECT YOUR INVESTMENT AGAINST LEGAL RISKS; NEGOTIATE A BETTER PRICE WHILE BUYING PROPERTY
Real estate is among the largest investments that you will make. As a buyer of real estate, you should be concerned with the legal risks attached with the property. These risks are often covered up by the seller, as informing you about these risks may result in a lower price for the property. Some of these risks may not even show up till many years after you have acquired the property. Consequences of these risks can include loss of ownership of the property (and the financial investment), liability to pay further money, loss of a part or the entire of the property, and prolonged litigation in various courts.
Is it possible for you to completely avoid such legal risks? Perhaps not. But it is certainly possible for you to get to know about these risks before you buy the property. Accordingly, you may decide whether or not to purchase the property and can negotiate purchase terms which protect you from unpleasant legal situations in the future.
At LawLeo, we conduct a 12-point due-diligence on the property that you wish to acquire. We provide services for transactions involving purchase of land, purchase of under-construction units from developers and purchase of units from existing owners. Some of the aspects investigated by us are: Title Deed of the property (verifying ownership of the seller), Encumbrance Certificate (confirming no pending dues against the property), No-Dues Certificate (from bank, where property was acquired by seller through a bank loan), and documents associated with the sale transaction (sale deed, power of attorneys, etcetera).
At the end of our review, we provide you with a report containing our findings and recommendations, which will help you understand the legal position of the property and may assist you in negotiating a fair price.
To know more about how we can help you understand your risk exposure while buying property, write to us on or call us on 9821387275.