Key Legal Checklist for Buying a Property
Key Legal Checklist for Buying a Property What is the basic legal due diligence that a property buyer must do, to safeguard one’s investment and ensure clear title to the property? Property investments are highly capital intensive, and any mistakes made during the process can cause a great deal of trouble to the buyer. This makes it imperative for a buyer to exercise due caution while examining the property documents. With proper legal advice, scrutiny of documents and verification of relevant information pertaining to the property, the buyer can ensure that the investment brings peace of mind and a sense of security. In this article, we talk at length about the documents a buyer has to seek and examine before he is ready to sign a deal. 1. Verification of title and ownership of the seller It is a settled legal principle that a person cannot convey a better title, than what he himself has. As a first step, the buyer should undertake due diligence, to ascertain the existence of the ti...