When it comes to purchasing a property, an agreement to sale is a crucial document that outlines the terms and conditions of the sale. This includes the purchase price, payment terms, possession date and other relevant details. However, in order to draft an agreement to sale, certain documents are essential to ensure a smooth and hassle-free transaction. Here are some of the important documents required for an agreement to sale:
1. Title deeds: Title deeds are proof of ownership of the property and are essential to transfer the ownership of the property to the buyer. The seller needs to provide original title deeds, along with sale deeds, gift deeds, conveyance deeds, and any other relevant documents that establish ownership.
2. Encumbrance certificate: This document proves that the property is free from any legal liabilities or outstanding dues. It is issued by the registrar of the jurisdiction where the property is located and is valid for the last 30 years.
3. Property tax receipts: The seller needs to provide copies of property tax receipts for the last few years. This document ensures that there are no pending dues on the property.
4. Khata certificate: A khata certificate is issued by the local municipality and is evidence that the property is registered with the local authorities. It is a crucial document that is required for obtaining a loan, building plan approval and other legal formalities.
5. Power of attorney: If the seller is unable to attend the registration process, they may give the power of attorney to another person to sign on their behalf. The power of attorney document needs to be notarized and provided to the buyer.
6. NOC from the society: If the property is in a society or apartment complex, the seller needs to provide a no-objection certificate (NOC) from the society. This certificate proves that there are no pending dues, and the society does not have any objections to the sale.
In conclusion, these are some of the necessary documents required for an agreement to sale. It is essential to ensure that all these documents are in order and verified before finalizing the sale. This will help prevent any legal complications and ensure a seamless transaction.