Property Related Legal Services
Under these services the Company acts as outsourced consultants to facilitate banks in providing updated information in regard to the properties mortgaged or to be mortgaged against Financing Facilities.
Some of our services descriptions in the subject area are mentioned below:
- Search Certificate(s) from Property Registrar: To confirm the ownership status of the mortgaged properties.
- Verification /Confirmation of Genuineness of Property Documents: To eliminate the risk of financing against fake documents, the genuineness of Documents and Title to property form the concerned Registrar/ Authority is verified/ confirmed.
- Registration of Mortgage: A Mortgage is a transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt or the performance of an engagement which may give rise to a pecuniary liability. To further supplement the Equitable mortgages, registered mortgage for full amount or token amount is created /registered with relevant Registrar of properties.
- Permission to Mortgage: To avoid any future objection/disputes/flaws in mortgage, a No Objection Certificate from the concerned authority to mortgage in favour of any financial institution is a necessary document.
- Mutation of Mortgaged Property: To ascertain Transfer of Title in Authority is record for any purpose.
- Lien Mark: Lien is the banker right to withhold property until the claim of the property is paid. The Lien marking is specially done on the properties located in rural areas or where properties are owned/mortgaged on the basis only Extracts of Rights (Form II / Form V II).
- Adhesive Stamp: As per the Stamp Act Adhesive stamps of different denominations are affixed on the Financing/Security Documents as per the slabs given the Act. The same is issued/affixed by Government Treasuries/ Courts on judicial documents according to requirements and the Company facilitates the Banks in this regards.
- Registration of Power of Attorney: Authority to use the exercise of ownership rights. The Company facilitates to register the same with the concerned registrar.
- Registration of Title Deeds: We have expert lawyers to facilitate transfer of properties from one person to another through registered title deeds i.e. Sale deed /Conveyance deed etc.