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Importance of Possession Letter and Occupancy Certificate for a Home Buyer

If you are planning to buy 2 BHK flats in Ghaziabad on NH 24, then you must know the importance of possession letter and occupancy certificate. Without these two certificates, you cannot proceed with the transaction. Visit: http://www.wavecity.in/product/dream-homes/

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Importance of Possession Letter and Occupancy Certificate for a Home Buyer

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  1. Importance of Possession Letter and Occupancy Certificate for a Home Buyer RERA No. UPRERAPRJ3964

  2. Introduction When purchasing residential property, it is vital that you consider the entire transaction as a legal process. Therefore, all legal documents must be evaluated carefully before making your purchase. In other words, you need to obtain all legal documents relating to the residential property you want to purchase from the real estate agent and review the document by the civil counsel you are hiring.

  3. Only when the lawyer gives you a green signal and is satisfied with the terms in the document, please proceed with the transaction. Two of the legal documents that you must securely obtain from a real estate company are the possession letter and an occupancy certificate. The basic characteristics and importance of the two documents are discussed below.

  4. Possession Letter and Occupancy Certificate Both possession letter and occupancy certificate are issued by the real estate development company where you purchase the residential property. For example, home owners trying to buy 2 BHK flats Ghaziabad on NH 24 must obtain both documents from their respective real estate brokers who develop residential properties and integrated townships in the area. Below are some important details of these two documents.

  5. Real estate development company issued a possession letter, indicating the possession date of the home buyer. The possession letter must be issued when applying for a home loan. • The occupancy certificates are issued by the local government authorities, once the construction is completed, just like the planning agencies to their respective real estate agents. The certificate shows that the residential property is built in compliance with the law and is ready to move in. Without an occupancy certificate, homeowners may have to face trouble while applying for civic amenity.

  6. Therefore, in order to ensure that you are easily accessible to home loans and civic facilities, it is essential to acquire both the possession letter and the occupancy certificate from the real estate broker when purchasing a residential property. In addition, these are legal documents that real estate brokers must provide to clients as part of the transaction, and the homeowners must always ask for.

  7. Contact Us • Address:Sardar Kulwant Singh Chadha Marg, NH 24Ghaziabad , Uttar Pradesh 201015 • Phone No.: 1800-102-3957 SOURCE:- https://nishantsingh-world.tumblr.com/post/164059652377/importance-of-possession-letter-and-occupancy

  8. Thank You

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