TIPS TO VERIFY AUTHENTICITY OF FLAT PROPERTY DOCUMENTS WITHOUT A LAWYER’S HELP

admin | October 5, 2021

In this day and age of information technology and the number of resources at disposal, a large number of flat buyers seem to rely too heavily on lawyers to determine the authenticity of documents concerning flats. Despite the mounting evidence to the contrary, prospective flat buyers are still laboring under the illusion that a lawyer’s intervention is a prerequisite for verifying the authenticity of documents. We would like to point out that even a layperson can attest to the authenticity of documents on their own provided that they take into account certain points before signing up the papers. The property buyer should be able to comprehend every minute detail in a document.

• Closely Verify Personal Details in Property Documents

As the buyer of a property one is fully entitled to inquire about the details in documents and ensure that every minute piece of information is listed in the documents. The buyer should make a point of retaining a copy of the agreement and ask for the inclusion of complete personal details in the document. The buyer has to ensure that the details in a contract perfectly capture the details of the buyer in its entirety. Before the purchase of a flat for sale in Kochi, a buyer must ensure that the agreement is witnessed by two individuals each of whom is representing the buyer and seller.

• Understand Intricacies of Termination Clause

Every seller and buyers who wish to enter into a contract will adopt some mechanism for the termination of the official contract in the event of violation of terms and conditions. Such an agreement is reached between the buyer and seller with the intention of introducing certain binding regulations on both parties to which they must adhere. The contract chiefly constitutes the liabilities to be faced by either party in the event of any contractual violation. The agreement enables either aggrieved to settle differences through civil means. The agreement usually comes with a termination by convenience clause through which either party can revoke the agreement.

• Thorough Understanding of Mechanism for Dispute Resolution

Any agreement is incomplete without the having some mechanism that can help resolve conflicts arising between the parties involved. An agreement which contains a logical dispute resolution mechanism will help either party to resolve the most complex disputes. Such a corrective mechanism serves as an effective alternative to the conventional form of litigation and is adopted in a large number of property agreements. Dispute resolution plays a vital role in aiding the involved parties to settle their differences without turning to litigation.

• Clear Cut Knowledge of Amenities and Facilities Part of Flat Purchase

Every apartment purchase document comprises of specific amenities clause that can educate the purchaser in detail about the different types of amenities that would be available on the purchase of a flat. Reading the amenities clause will help you form a good grasp of the intricate details of the contract and additional entitlements. It will also ensure that the purchaser becomes acutely aware of the maintenance charges that may be incurred down the road. Having amenities clause in the right place also eliminates the risk of conflicts that may arise as a result of wrong information about available amenities.

Veegaland’s all ongoing projects are K-RERA registered – KingsFort | K-RERA/PRJ/031/2020, Zinnia| K-RERA/PRJ/038/2020, Exotica | K-RERA/PRJ/039/2020, Thejus | K-RERA/PRJ/040/2020, Bliss | K-RERA/PRJ/115/2020