What Are The Legal Requirements For Buying A Property?

By Author: Wahib Suhail
Total Articles: 2
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Are you in the market for a new property? Or are you curious about the legal process involved in buying a home? Here’s a breakdown of the legal requirements for buying property in Dubai. Keep in mind that this is a general overview – always consult with a lawyer to get specific advice about your situation.

When you’re ready to buy a property, it’s important to understand the legal requirements. There are a few things you need to do in order to make sure the process goes as smoothly as possible. In this post, we’ll go over the basics of what you need to know when buying property. Stay tuned for more information on specific steps you need to take during the buying process!

Key legal checklist for buying a property:

Proof of property ownership: You’ll need to provide proof that you are the rightful owner of the property. This can be done with a deed, title insurance policy, or another legal document. Insurance: You must have insurance in place before you can purchase a property. This includes both homeowner’s insurance and mortgage protection insurance.

Home inspection: It’s important ...
... to have a home inspection done before you purchase a property. This will help you identify any potential problems with the property that you may not be aware of.

Mortgage: You’ll need to secure a mortgage in order to purchase a property. Make sure to shop around and compare rates from different lenders before making a decision.

Copy of original old sale deed: If you’re purchasing a property that has been sold before, you’ll need to obtain a copy of the original sale deed. This can be done through a lawyer or title company.

Zoning: Make sure to check the zoning of the property you’re interested in purchasing. You’ll want to make sure that the property is zoned for the type of use you have in mind. These are just a few of the key legal requirements that you need to be aware of when buying a property. Always consult with a lawyer to get specific advice about your situation. With the help of a professional, you can ensure that the process goes as smoothly as possible.

ID Proof of two witness parties: You’ll need to provide identification for all parties involved in the purchase of the property. This includes the buyers, sellers, and witnesses.

Signature of both parties: All parties involved in the purchase of the property must sign the contract. This includes the buyers, sellers, and witnesses.

Notarized purchase agreement: The purchase agreement must be notarized in order to be legally binding.

These are just a few of the key legal requirements that you need to be aware of when buying a property. Always consult with a lawyer to get specific advice about your situation.

Map plan and description of the property: A map plan and description of the property must be included in the purchase agreement. This will help to identify the boundaries of the property.

Payment: The purchase price of the property must be paid in full at the time of sale.

Registration of the deed: The deed must be registered with the Land Registry Office within 30 days of the sale. These are just a few of the key legal requirements that you need to be aware of when buying a property.

Always consult with a lawyer to get specific advice about your situation. With the help of a professional, you can ensure that the process goes as smoothly as possible. When you’re ready to buy a property, it’s important to understand the legal requirements. There are a few things you need to do in order to make sure the process goes as smoothly as possible.

Documents required proving ownership of land:

1. Sale Deed which will validate the right to sell the property

2. Revenue Records maintained by the revenue department

3. Land Rights certificate issued by the authorities

4. In case the lease is granted by the government, Lease Deed

5. Electricity bill, Water bill, Gas bill, etc- Proofs of Deposits

6. In case of inheritance of property, Will

7. Deed of Partition in case of ancestral property

8. In case the property is inherited as a Gift, the Gift Deed

9. In case the property is purchased from another party, Agreement of Sale

10. Layout Plan sanctioned by the competent authority

11. Encumbrance Certificate for the last 13 years

12. No Objection Certificate from Municipal Corporation or panchayat (for rural areas) in case the property is situated within their limits

13. Property Tax Receipts for the last 3 years

14. Water and electricity Bill Payment receipts for the last 6 months

15. Affidavit by the property owner mentioning that the property does not have any dues or illegal construction from any competent authority

16. Affidavit by the property owner mentioning that the property is not involved in any legal dispute

These are the main documents required for the ownership of land. Always check with a lawyer or title company to get specific advice about your situation.

Documents required proving ownership of the flat:

>> The Sale Deed will validate the right to sell the property
>> Registered Conveyance Deed
>> Share Certificate or Allotment Letter
>> Receipt of Stamp Duty paid on the Purchase Agreement
>> Possession Letter issued by the builder
>> The completion Certificate issued by the builder mentions that the construction of the flat is as per the sanctioned plans and there are no dues outstanding
>> Maintenance Bill for the last 6 months
>> water and electricity Bill Payment receipts for the last 6 months
>> Affidavit by the property owner mentioning that the property does not have any dues or illegal construction from any competent authority.
>> Affidavit by the property owner mentioning that the property is not involved in any legal dispute.
>> These are the main documents required for the ownership of a flat. >>Always check with a lawyer or title company to get specific advice about your situation.

The all above are the key legal requirements that you need to be aware of when buying a property. Always consult with a lawyer to get specific advice about your situation. With the help of a professional, you can ensure that the process goes as smoothly as possible.