If you want to buy any property like House, Plot or shop, you are required to take a lot of precautionary measures at the time of purchasing specially immoveable property. A lot of people are victims of fraud just for the reason that they don’t know the procedure for purchasing the property and precautions to be adopted before purchasing the property. As a result of which, the victims/purchaser bears mental, physical and monetary losses. Following is the procedure and the precautionary measures for purchasing the property in Pakistan which are explained in depth in the video.
1. Choose the property to be purchased.
2. Settle the price.
3. Check the ownership documents of the owner like registry (Sale Deed, Gift Deed etc), Mutation (Inteqal), FARD etc. (Not a agreement to sell))
4. Check whether any encumbrance is on the property like (stay, surety etc), go to Patwari or Service Centre Official etc or any other department concerned.
5. Also publish an Advertisement new newspaper, that you are going to buy that property, if any body else has any objection he may contact me.
6. Directly enter into an agreement to sell with only owner and not to any body else who is not owner. Also, be refrained from purchasing the land from Attorney holder (General Attorney). Don’t enter into an agreement the property who is not owner or acting on his behalf without having any legal authority usually Property Dealers. So that if later on, any if any dispute arises out, you may pursue the actual owner.
(if agreement is not executed with directly owner, hindrance may have to be faced by you for initiating legal proceedings)
7. Demarcation (Nishandahi) --if possible
Writing down an agreement to sell
8. Both the parties should get the stamp paper issued either from Stamp Vendor or Bank of Punjab (which one is applicable)
9. Write each and every detail of property like measuring, Khewat Number, Khatooni Number, Khasra Number etc. etc. Metes and bounds (Hadood Arba), House No., Plot No., full address, double storied house, triple storied house etc. should also be mentioned necessarily. Also write, complete detail of the document, on the basis of which, the vendor became owner for example Sale Deed, Gift Deed, Mutation etc. etc.
10. Pay earnest money (biana), must take possession of property
11. Fix some days for example 15 days or 30 days for payment of remaining amount and transfer of property in your favour.
12. In the meanwhile, raise construction over the property (if plot). So that if any one has objection he may approach you. And you come to know well within in time before payment of full amount.
13. No such long period should be fixed for transfer of property because during that period the vendor may die and his legal heirs may deny the execution of sale agreement. (in this case, litigation may start)
14. Two (02) witnesses on agreement, their complete information like name, father’s na me, Identity Cad Nos, addresses along with their copy of Identity Cards (to be annexed). Obtain signatures and thumb impressions of all the parties.
15. No overwriting or cutting should be on stamp paper.
16. Place signature only once where needed nor twice or thrice so as may create doubt (the Court may consider that extra ordinary measures have been taken).
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