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