Are you about to buy a new property? Then take the experienced advice and go through all the important procedure that is required for property purchasing. Buying a new flat is not easy as it makes you invest a lot of your hard earned money onto it. So before investing it would be wise to do some checking to ensure that you are the gainer. There are a lot of people who do not care about the rules and later regret. So to avoid any unpleasant occurrence please check the essential documents before the final signature. Are you planning to buy 3 bedroom granny flats in Sydney? If so then let’s focus on some of the essentially required documents below.
Important documents to check before purchasing property
- Sale Deed: A sale deed stands as the proof of transfer and sale of ownership of the property to the buyer from the seller. It is a core legal document that requires being registered mandatorily. Remember before the sale deed is executed you need to check for compliance of various agreed terms and conditions between the seller and the buyer.
- Mother Deed: Parent document or the parent document is the legal document that traces the original owner of the flat from the start. The certifies copies are needed to be obtained from the registered authorities in case of absence of the original mother deed. Mother deed plays a very important role as it contains partition, the change in ownership of the property, be it through sale, inheritance or gift. The major role of mother deed is to keep the record of the previous ownership of a property in a sequence that means to be unbroken.
- Approval Plan: BDA (Bangalore Development Authority) or the BBMP (Bruhat Bengaluru MahanagaraPalike) or BMRDA (Bangalore Metropolitan Region Development Authority) or BIAPPA (Bangalore International Airport Area Planning Authority) sanction a building plan. Without this plan, the construction of a building falls illegal under the KMC (Karnataka Municipal Authority act. The builder owner meant to approve the building plan from the jurisdictional commissioner. The building approval plan is based on road width, plot depth, zonal classification and floor area ratio.
- Conversion Certified: It is a legal document that is meant to be issued after the inspection of the site by the local authorities. If you do not hold the commencement certificate against your property then your property may consider as an illegal Property. This certificate states that the project helps in the commencement of a construction and meets the give criteria on a site by the builder.
So to avoid any mess please do check all such and related valid documents while buying quality 3 bedroom granny flats.