Difference between revisions of "Property disputes: Buying, selling & ownership"
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Revision as of 01:56, 21 August 2013
Your right to own or live in a property, or the monetaryworth of the property, when contested in courts can turn into aninter-generational dispute, commonly involving losing more money than the valueof the property in question, in fighting the battle. A constant threat to yourlife over your disputed property is also not unheard of. Therefore the best way to stay out the mess is preventionand due diligence. The foundation of avoiding property disputes is, being inpossession of all the documents proving your right to your property. Take an active interest in the process of buying and sellingyour property, conduct background checks for proper title, get the “titlesearch report” and clearance and approval reports from a lawyer, understandyour loan terms fully, sign balanced lease and other agreements, to begin with. An example of the utility of background checks: A buildermay acquire agricultural or forest land and change its use to residentialmid-way. If before buying your apartment in such a builder’s township you cometo know of this, you can escape the situation where work on the construction ofyour apartment building goes in limbo due to lack of clearances to be obtainedby the builder.
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