Common Legal Issues in Real Estate Transactions

[Ananth Krishna]

I’m looking to understand the typical legal challenges in real estate deals. What should I be aware of?

• This topic was modified 7 months, 2 weeks ago by gaichermaickel.

[JithaManyu]

Hi Ananth, one common issue is Title Disputes. It’s important to ensure the seller has clear and undisputed ownership of the property.

[Adithya Prasad]

Unresolved Property Encumbrances can be a problem. Make sure to check for any existing mortgages or legal claims against the property.

[Kalai Selvi]

Incomplete or Incorrect Documentation can cause delays. Verify all documents, including the sale deed and title deed, are complete and accurate.

[Ramakrishnan]

Property Tax Issues are another concern. Ensure that all property taxes are paid and that there are no pending dues from the seller’s side.

[Mahendhran]

Builder Defaults are common in new property transactions. Check if the builder has fulfilled all contractual obligations and has the necessary approvals.

[Achutharam]

Regulatory Compliance Issues can arise if the property doesn’t comply with local building regulations.

[Sri Saran]

Discrepancies in Property Area can lead to disputes. Ensure the property area matches the details provided in the sale deed and other documents.

[Kanishk]

Inheritance and Succession Issues can occur if the property is inherited. Verify all legal heirs are involved in the sale process and have given their consent