JUST BEFORE YOU SEAL THAT REAL PROPERTY DEAL
As one might be propelled by the wonderful and tempting location, fantastic price and desire to own real property, there is the need to take all necessary steps and precautions, by doing due diligence on the said property.
The myriad of real property cases lingering in courts is a testimony of the havoc wrecked by dubious land and landed property vendors.
In the light of the above, it's pertinent for real property purchasers and speculators to be properly guided as ignorance of the law isn't acceptable as an excuse at the law court.
10 Legal check boxes before you seal that real property deal
1) Investigate the title of the owner.
2) Carry out a physical inspection
3) Know the capacity of the person selling
4) A receipt is a mere evidence of sale transaction
5) Get your instrument of title
6) Get your deed of assignment properly drafted by a lawyer
7) Take possession and register presence
8) Register your instrument of title
9) Comply with building permits
10) Retain a lawyer from start to finish
It's salient to consider these aforesaid legal check boxes before sealing any real property deal and it is dangerous to hurriedly seal any real property deal no matter the urgency so as to avoid losing your money.
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