Buying a flat, apartment or property is one of the biggest financial decisions you may make. But before signing a Sale Agreement with a builder or seller, don’t focus only on the price and location.
The agreement creates important legal and financial obligations. A problem in the property’s title, municipal records, outstanding dues or contractual terms can become difficult and expensive to resolve later.
🔎 5 Important Checks Before You Sign
1️⃣ Ownership & Title
Confirm whether the seller or promoter is legally entitled to sell the property. Review the relevant title documents and ownership details.
2️⃣ Complete Ownership Chain
Don’t check only the current deed. Previous deeds and the complete chain of ownership should also be examined to identify gaps or inconsistencies.
3️⃣ Property & KMC Records
For properties in Kolkata, review relevant municipal records, including mutation, assessment, IB records and other applicable KMC details.
4️⃣ Pending Dues & Liabilities
Check whether property tax, municipal dues or other outstanding liabilities are pending against the property.
5️⃣ Sale Agreement Terms
Read the agreement carefully before signing. Pay particular attention to:
✔ Total consideration
✔ Payment schedule
✔ Possession date
✔ Property specifications
✔ Cancellation conditions
✔ Refund provisions
✔ Rights and obligations of both parties
📄 What Should Your Sale Agreement Clearly Mention?
A properly drafted agreement should clearly identify:
- Parties to the agreement
- Property details
- Consideration and payment terms
- Possession
- Specifications and promised features
- Cancellation and refund conditions
⚠️ Don’t Sign Simply Because the Builder Says Everything Is Clear
The seller’s or builder’s assurance should not replace your own due diligence.
An independent property and document review before signing can help you identify potential legal, municipal and contractual concerns before committing substantial funds.
🛡️ CredAxis – Your Legal Friend in Property Matters
We assist property buyers with:
✅ Title & Ownership Verification
✅ Ownership Chain Verification
✅ KMC & Municipal Record Checks
✅ Property Tax & Dues Verification
✅ Sale Agreement Review
✅ Property Documentation Support
✅ Registration & Mutation Assistance
Verify before you sign. Understand before you invest.
📞 Call: +91 98313 55912
🌐 www.hospital4doc.com
CredAxis – Helping Kolkata Property Buyers Make Informed Decisions.
Disclaimer: Verification requirements may vary depending on the property, seller, transaction and applicable rules.