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Showing posts from August, 2020

Is it necessary to hire a legal advocate to prepare sale agreement for property in Bangalore?

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  Yes, it is absolutely necessary to hire an advocate to prepare sale agreement. An advocate verify following documents before drafting your sale agreement. An absolute sale deed of seller Encumbrance certificate Latest tax paid receipt Khata certificate & extract Occupation certifcate RTC extract Layout approval No objection certificate And many more documents, pertaining to the factor of property like flat, land, independent building, commercial property, BBMP limited, panchayat limit, etc.. Based on the above documents and factors, a sale agreement is carefully drafted. Generally, a sale agreement includes the following details, Date on which sale agreement is being executed Name, Father/Husband’s name, age, Address and PAN card details of the vendor(s) and Purchaser(s) Schedule of the property Title flow of the property Total sale consideration i.e. total sale value Mode of payment & Transaction numbers Vendor obligations and declarations Indemnification of vendor Non-s...

How do I know about the last owner of my land?

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  History of ownership available in encumbrance certificate. Popularly know as EC. The below EC image for your reference. In the image, we circle the previous owner and present owner of property. In Karnataka, download encumbrance certificate from Kaveri online service or apply at your nearest sub-register office. Property registered before 2004, need to obtain EC only at the respect sub-register office where the property was registered. No option to download EC online. One can obtain the EC for last 30 years, It means, EC shows the history of transaction & ownership for last 30 years. In Bangalore, we provide the service of extracting EC. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91–9742479020. PGN Property management, Bangalore. Thank you for reading…

How do I extend a rental agreement in India?

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Extending the rental agreement is very simple. We just need to make few amendments to the existing terms & conditions. Below is the list of few amendments to be incorporated in renewal agreement or agreement extension. Add the word “renewal” or “extension” in the title of an agreement Agreement execution date changes to current date Landlord and tenant age might change by one year (This is applicable only if age details mentioned in agreement) Renewal agreement commencement and end date changes. Generally, renewal agreement commences from very next day of the current agreement end date. Rent might increase by around 5% Security deposit remains same Monthly maintenance of a flat in apartment society may have an impact if apartment society increases or decrease maintenance cost. Water, electricity, gas and parking charge may have an impact Consider removing lock-in period if mentioned in 1st-time agreement. Notice period remains same. However, we may modify notice period under the mu...

What are the notary fees for a special and general power of attorney in Bangalore?

  In Bangalore, notary fee is not fixed. fee depends on location and quality of advocate. On average, the fee is Rs. 250 per GPA or SPA. The above said cost is only for notary. Additional cost applicable for drafting + GPA or SPA execution + registration. At the time of notary, carry supporting documents and identification for notary reference. We provide notary service in Bangalore, our service includes drafting + execution + notary + registration. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp +91–9742479020. Thank you for reading…

Where do I get a stamp paper for a loan agreement in Bangalore?

  Below is the list of places to get stamp paper for a loan agreement in Bangalore. Co-operative bank near you (Usually not crowded and easy to get ) Local court Near register office Independent stamp vendors Vendor service charge is Rs. 10/- for a stamp value of less than Rs. 100/- Vendor service charge is Rs.15/- for a stamp value of more than Rs. 100/- We provide agreement service in Bangalore. Our service includes agreement execution on stamp paper + notary + home delivery in 2 working days. Same day express delivery available. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp +91–9742479020. Thank you for reading…

What is the procedure to get a POA registered in India?

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  Below is the procedure to register a POA in India (My answer is more relevant to Bangalore location) Prepare the draft in word format Print the draft on A4 size document paper or bond paper Executant should carry printed POA and Aadhar to nearest sub-register office. Pay the registration & stamp duty fee of Rs. 200 You are made to sit in front of registering officer. Officer collects your Aadhar number for digital signing + take passport size photo through webcam + your biometric fingerprint. Registering officer will take a printout of registration & stamp duty receipt, and attach the receipt with POA. As an executant, you need to sign the POA at all pages and two witnesses should sign at witness sections. Submit the POA to chamber officer in sub-register office. The chamber officer attest, sign and hand back the document to you. Below is the one such GPA image which we executed & registered today in Bangalore. Note:  We strike off personal information in the abo...

What is the format of the rental agreement where the GPA (power of attorney) holder can sign on behalf of the apartment owner, who is abroad?

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  Here we are attaching the image of a simple rental agreement format, where POA holder signs the agreement on behalf of flat owner. Enclose the photocopy of POA/GPA/SPA with rental agreement. Attest the rental agreement from notary public. If you want the rental agreement in word format, please write to us. we share draft at no cost. When you write please specify rental agreement for POA. We provide rental agreement service in Karnataka, including Bangalore. Our service includes drafting + agreement execution + notary + home delivery in 2 working days. Same day express delivery available. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91–9742479020. Thank you for reading…

How can I check online if a property in Bangalore is under litigation?

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  Yes, there are few options to check online if a property in Bangalore under litigation Option 1: RTC RTC stands for record of rights, tenancy, and corp information . In simple terms, Its a land record. RTC contains the details of landowner’s name, survey number, type of land, measurement, nature of possession (agricultural or commercial or residential) If any litigation in property, stay order number mentioned in RTC report. In the below-attached image, one such report we have come across recently. This RTC report has stay order. we circled the stay order number in below image for your information. Download the RTC report trough Bhoomi online service. It cost Rs. 10/- to download a report. You need survey number to download a report. Option 2: Encumbrance certificate: An encumbrance certificate is popularly known as  EC.  An EC is issued by sub-register office of revenue department. We can download the EC online through Kaveri online service. It cost Rs. 15/- to downloa...