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What Is a Lease Deed and When Is It Required?
Introduction In the ever-evolving property market, lease arrangements are commonâespecially when commercial spaces or residential properties are rented for longer durations. But while many people are familiar with rental agreements, they often get confused when it comes to lease deeds. Are they the same? Is a lease deed mandatory? Can you rent out a property without…
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What Is a Will? How Is It Different from a Gift Deed?
đ Introduction When it comes to passing on property to your loved ones, many people across India often get confused between a Will and a Gift Deed. Both are valid legal instruments for transferring ownership â but they differ in timing, effect, and formalities. Understanding the difference is crucial for planning your estate and ensuring that your property ends up…
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Why You Must Register a Gift Deed for Property in India
đ Introduction Gifting property is a common practice in Indian familiesâespecially when parents want to transfer assets to children, or siblings exchange property without any monetary consideration.But here’s the catch: if the gift deed isnât registered, itâs not legally valid. Many people assume a simple declaration on stamp paper is enough.However, under Indian law, only a registered gift deed…
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What Is an Occupancy Certificate? Why Itâs Critical for Homebuyers
𪪠Introduction Imagine moving into your dream apartment in Bengaluru, only to find later that your building isnât legally approved for occupancy. Thatâs where an Occupancy Certificate (OC) steps inâa document no property buyer should ignore. Many homebuyers focus only on the Sale Deed or Khata, but an OC is equally important, especially when it comes to compliance,…
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What Is a Possession Certificate? A Complete Guide for Property Buyers in India
Introduction Buying a home is one of the most significant decisions you’ll ever make.But the transaction doesnât just end with paying the builder or signing a sale agreement.Thereâs one document that quietly plays a huge legal and financial roleâand thatâs the Possession Certificate. While most buyers are familiar with sale deeds, Khatas, and occupancy certificates, the possession certificate often gets overlooked.Yet, without…
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What Is an Agreement to Sell? Why Itâs Different from a Sale Deed
𧲠Introduction: One Common Mistake Most Buyers Make Letâs say youâve just found the perfect plot in Yelahanka, Bengaluru. The seller says, âWeâll sign an Agreement to Sell now and register the Sale Deed after a few months.â You agree, pay a large advance, and think you now âownâ the land. â ď¸ Thatâs a mistake. Many…