Real Estate Legalities

March 25, 2010  //  Posted by: qwcdirect  //  Category: Homes & Properties, Property Investments

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There are a diverse set of legalities involved in real estate that one should care to know about. These legalities must be duly fulfilled before one gets into the transaction itself and hence requires some due diligence on the part of the buyer. Rest estate developers can also help their clients by taking care of most of the legalities by charging a fee.
The property documents should all be in place and should transfer the ownership without any ambiguities. Secondly, the terms involved in sale and in lease are totally different. A lease is where land is rented out for a fixed period of time and the person signing the contract with the actual owner may or may not have all the rights to the property even during the period of lease.

People dealing in real estate should also be clear up front about the land taxes, municipal cess etc. and if they have been cleared. Real estate around some locations like airports, parks or animal reserves might need special clearance too.

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