To determine legal or title issues with the land, a thorough examination is necessary, including property records, surveys, and legal documentation. Consult a qualified professional, such as a real estate attorney or title company, for an accurate assessment. They will review any potential liens, encumbrances, easements, or disputes that may affect the property’s ownership and transferability.
To assess the legal or title issues with the land, it is recommended to consult with a qualified real estate attorney or a professional title company. They have the expertise to conduct a title search and investigate any potential issues or encumbrances related to the property.
During the due diligence process of purchasing or dealing with a property, it is crucial to obtain a title report or title insurance that provides a detailed history of the property’s ownership, any liens, mortgages, or other legal encumbrances. This helps ensure that the property has a clear and marketable title.
Legal or title issues:
Dispute Between Builders and Buyers – When one agrees to buy a property, he enters into a contract with the seller. If the conditions of the agreement are not comfortable, disputes arise.
Brokerage Issue – Conflicts sometimes occur due to unpaid brokerage to the real estate broker or agent. This can happen if the buyer and seller haven’t already settled on or agreed upon the amount of brokerage.
Title Over Immovable Property – Sufficient documents to prove ownership of the immovable property is pertinent to enjoy the rights or interests of the property like income by the way sale, income from rent, possession, use, etc.
Inherited Properties – Conflicts over inherited or bequeathed property are also frequent. When someone receives property through a will and challenges the will’s validity, disputes may arise.
Occupancy Certificate- When the builder completes a residential project, he has to produce an occupancy certificate, so the buyer can move in. Delay in the same means that some rules have been flouted.
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