Property disputes form a great piece of cases that seal our constitutional system. Around 65 percent of all cases are property-related lawsuits. There are several types of property disputes. Most of the conflicts about the title of the immovable property. Saying that a person has a good title over the property implies that such a person has the power to relish the benefits or interests in the property, possession, use, income by way of rent, etc. You have to determine the name of the property through relevant documentary confirmation.
How To Avoid Property Disputes And Minimize The Risk Involved
1. Title search
Before purchasing a property, carry a thorough affirmation and inspection of the property’s title statements for at least 30 years. An advocate or a reputed title investigator generally performs the title search and property verification.
Another way of ensuring the property is legislatively clear is to see if leading banks have approved it. Banks will only support properties, which have legal permissions and valid documents. Also, ensure that the estate is not mortgaged.
2. Sanctioned projects
You must ask the developer for the sanctioned plan and associate the same with the actual built-up stretch. Doing this is imperative because the recommended procedure is not the same as the built area, and such a construction amounts to an illegal structure.
While investing in inherited property, ensure that the beneficiary’s name is mutated in the relevant government or taxation records, depending upon the nature of the home. Ensure that such a property was transferred, with the necessary proof of inheritance – for example, a will, or probate, or letter of administration or succession document, or by any shared knowledge. If there is no will, ensure that property was distributed as per the applicable succession laws.
4. Sale deed
Ensure that the date on the stamp papers resembles the date of transfer of title records.
5. Municipal consents
Ensure that your house plan has all the requisite approvals needed from the different sections of the municipal corporation. In addition, make sure that any licenses, if required, have been obtained from the appropriate departments.
If you are caught up in a dispute related to property and you need legal help that can stand beside you holding hands in support, contact us and we will get back to you as soon as possible to solve your issues.