Can photocopy of sale deed be misused?
Can photocopy of sale deed be misused?
It is advisable not to give photocopies of the property documents (such as sale deed) to outsiders such as brokers. Though normally such photocopies would not be misused, but you never know.
Can I share my sale deed?
It is entirely legal to transfer the ownership of your share in the property. Once you ‘own’ a share of your property, i.e., you possess its title deeds, you have the right to sell, lease, donate (through a gift deed) or even bequeath it (give your heirs inheritance rights) your property.
Is it safe to give photocopy of land title?
You cannot complete the transfer of ownership of a property via sale, using only a photocopy of the Certificate of Title. But unfortunately, that doesn’t stop unscrupulous scammers.
Do I need original title deeds to sell my property?
In short, yes you can sell your house without the deeds, however you must be able to prove through other means that you are the owner of the property. As the deeds are the assortment of documents which usually prove ownership, proving it without them can be a more protracted process, but it is by no means impossible.
Can I sell property with certified copy of the title?
Dear Querist, A.NO, a property cannot be registered if original sale deed is not with the owner, but a copy of the deed acquired from the registrar is available and name of the owner is displayed in the Encumbrance certificate. B. best is to avoid buying such property as it will create troubles for you afterwards.
Can I give a photocopy of the sale deed to potential buyers?
It’s alright to give a photocopy of the sale deed to a potential buyer. In fact, without sharing that, he/she cannot make an informed decision, so they need it. Do not give away the original under any circumstance. This answer is not a substitute for professional legal advice.
Is it safe to buy a house without the original sale deed?
The buyer will never feel safe to buy your property without checking the Original Sale Deed as this document proves the authenticity of your ownership. So, if it got lost, stolen or misplaced, it is better to get a duplicate one. How can somebody misuse the original sale deed of any property?
What happens if sale deed of property is missing?
At the time of sale of property, the buyer checks the documents of ownership of the property of seller and, the original Sale Deed of property is one of those documents. If the Sale Deed which proves seller’s ownership of property in present is not available with seller, the buyer hesitates to buy the property.
When do you need a sale deed for a property?
Sale deed is required for Legal due diligence on the property so as to avoid any future litigation with the property. It is advisable not to share the sale deed unless and until the negotiation discussion is in advance stage and buyer is genuine.