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General Steps and Process of Transfer of Property
General Steps and Process of Transfer of Property
Step 1. The buyer should be agreed on rates. Step 2. During the time of acceptance of token money (Generally 10% of total property value), All terms and conditions. All payments are mentioned clearly. The property buyer handed over token money. Step 3. All receipts of the payments are handed over to buyer immediately Step 4. At the time of clearance of 10% or during the time of token money (The agreement to Sale is signed) Step 5. All payments to be cleared by buyer during specified period of time. Step 6. Transfer of Property is done at the time of clearance of all payments.
Few things Buyer/ Seller should know or clarify before Transfer of Property
1. The figures of the Payments to be made should be documented before token. 2. The time and date by which the payments to be made should be clearly documented before the token. 3. Buyer should be aware of Transfer Charger in case of Builders Property 4. List of documents buyer will get should be documented before token. 5. Terms and conditioned should be clarified in case of any cancellation of deal. 6. Buyer should disclose if he going for a loan against property
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