Extra Care is Essential When Drafting a Property Deed
Extra Care is Essential When Drafting a Property Deed
When drafting a deed for purchasing immovable properties, several additional details need to be considered.
Often, when buying a house or plot, people focus only on general aspects while drafting the sale deed.
It is incorrect to think that just having the seller's and buyer's names, addresses, property survey number, area, type, and boundaries in the sale deed is sufficient. This is not enough. Details such as the condition of the property, whether it is vacant land, a garden, a house, or if it includes a well or borewell, must be considered.
Such information must be included in the deed. Simply mentioning the value of the land or house is not enough. A property cannot be defined only by the land and house; the value should include all the items within it.
If important details are not mentioned, issues may arise after the sale, such as the seller claiming rights to items in the house.
Ensure that all the facilities available on the land are detailed in the deed. If there are trees, specify the types and quantities. The registration department follows specific valuation guidelines for these items. It is advisable to investigate these values and include them in the deed.