GO FOR A LEGAL OPINION TO PREVENTE DISPUTE IN FUTURE
Taking Legal opinion is important in any process of land acquisition. An expert gives the opinion, as individual’s knowledge is limited. The entire process is complicated due to various laws, rules and regulations, hence hiring an ideal advocate specialized in property matters is helpful. It is more important to take a legal opinion before purchase of any property. In order to check the genuine and authentic documents, it is better to take services of an expert, as an individual cannot himself check on various areas. The scanning of documents is a complicated process. The legal experts are better placed to give review with the search report, tracing the history of the property, any charges of encumbrances, or the charges are cleared or pending could be checked. A record of past 30 yrs is taken. The sale deed is enclosed with the copy of the report stating the position of the land. As any litigation, mortgage or claim may affect the title of the buyer unfavorably.
A legal opinion covers detail of property, about the legal owner, the chain of holding and transfer, any encumbrances, dispute over ownership, security of loan etc are the various aspects that needs to be clarified. A search report could be obtained from an advocate who will survey the title with the office of the registrar. Legal opinion is a safe device, from prevention of any disputes in future. It is advisable to buy a property financed by bank, as the bank will obtain a legal opinion before sanctioning loan. The bank has its own set of legal experts specialized in this field. The charges are nominal, and are usually along with the processing and administration fee.