Buying a property

Know The Legal Nuances To Purchase A House

Buying a property or house or land is the biggest and wisest investment you make in your life time. It is your life long hard earned money that you invest to secure your future and safeguard your family.

It is best to be cautious while conducting the transaction as the documentation involves legal points, the laws and regulations governing the property and some matters are in fine print. You may end up in litigation and a legal battle and in process may not be in a position to get the property registered, or you may not get the possession of the said property or you may be over charged by the developer.

It is imperative to hire the services of a lawyer who for a small fee will render his services by checking the status of the property and the mandatory charges you are required to pay. A layman may not know the fine legal points of making agreement for sale or agreement for lease or rent, but a fine lawyer will ensure that all your rights are duly protected under the law.

Buying a property

However it is important that when you hire a lawyer first negotiate the fees to avoid misunderstandings later, try to deal directly with the lawyer rather than with his subordinates, as that will get you the right assessment of the situation.

Also to have a productive consultation regarding your property, you should research the property you intend to buy or sell yourself, and handover all the legal documents or concerned papers to your lawyer to seek legal advice.

A lawyer may also help you in framing a will, in case of death or to transfer the property to the legal heirs .once you explain to the lawyer how you wish to bequeath your assets, he will draft the will, get it attested by two witnesses and will charge you a fees for his services rendered. This legal document of a will will not make things messy or create legal hassles for your family.

Hence it is advisable to hire a qualified lawyer to handle any legal matter pertaining to your property.