In my opinion, it is very important to hire a legal services from advocates or other firms to prepare sale deeds/agreements. This is because, it is a very important document when it comes to your property ownership.
I had availed legal assistance offered by NoBroker for registration process of my new 1BHK house in Bangalore. They have a full team of
1. government approved chartered engineers, who help in scrutiny of technical documents,
2. Senior property advocates who help to draft sale agreement
3. Senior property advocates who help to draft sale deeds.
4. They coordinate with the sub-registrar office to schedule your appointment and supervise you there
5. Thus they help to get you registered documents and the Encumbrance Certificate.
Do try out NoBroker Legal Services for a hassle free process.
Hi,
Absolutely! It is always advisable to hire a legal advocate with at least 3+ years of experience in this field. He/she will verify the documents like:
1. An absolute sale deed of seller
2. Encumbrance certificate
3. Latest tax paid receipt
4. Khata certificate & extract
5. Occupation certificate (OC)
6. RTC extract
7. Layout approval
8. No objection certificate (NOC)
He/she will also draft the sales agreement with all the details and all the important clauses.
Yes, absolutely you need an Advocate (minimum of 3 years’ experience). He/she will draft the agreement and check thoroughly if all the necessary clauses are included in the Agreement. As mentioned by others, he/she will check if all the documents are in place and if these documents are authentic or not. So it is always advisable to hire an advocate.
A Sale Agreement is a legal document that outlines the terms of a real estate transaction. It includes the price and other details of the transaction, and is signed by the seller and the buyer. It is also known as the contract of purchase or contract agreement. So from a legal standpoint terms and conditions of a sale agreement are important to be verified under a qualified advocate.
Now coming to the question, yes, you do need an Advocate to prepare a sale agreement.
1. An Advocate will prepare the draft by looking deeply into the Agreement, whether all the necessary clauses are included in the Agreement.
2. An advocate verifies various documents before drafting your sale agreement. The document includes Encumbrance certificate of that property, Khata certificate & extract, Layout approval, NOC (No Objection Certificate), Tax receipt, an absolute sale deed of seller, Occupation certificate and many more.Based on the above documents and factors, a sale agreement is carefully drafted.
3. A sale agreement includes the details such as date on which sale agreement is being executed, Name, Father/ Husband’s name, age, Address and PAN card details of the vendor(s) and Purchaser(s), total sale value, Mode of payment and many other relevant details related to the property, the buyer and the seller.
Click here to Read:Most asked Real Estate questions on NoBroker Forum.
In India, it is not legally required to hire an attorney to buy or sell a property or to prepare an agreement for sale of property. If you want to know the agreement of sale meaning, you read the above answers.There are two reasons why an average home buyer in India does not hire a lawyer during a property purchase. They are:
The lack of education on the importance of due diligence, and
Property prices are significantly high compared to income levels, so the average buyer avoids additional costs.
Post
Question
Is it necessary to hire a legal advocate to prepare sale agreement ?
athulnarayan
✔In Progress
👁5153
Views
August 28, 2020
2020-08-28T20:33:33+00:00 2021-02-05T18:41:22+00:00Comment
5
Answers
Sale Agreement
Share