Legal Documents That Are Needed Before Buying Property In Annapolis Valley
From a very young age, a person learns to be self dependent, financial strong, making big money to be able to buy the dream home and for some buying a house or investing in real estate may actually turn out to be great idea. But is checking facilities enough? Though these factors are significant but you should always be a bit more alert and check all the legal documents related to that property you are thinking of getting so that you are safe from any legal hassles in future.
If you are searching for Annapolis Valley properties, you must have a look at some of the most important legal documents that are given below before buying your dream home.
Title deed
The title deed is one of the important documents to be checked. It lets the buyer to determine the ownership rights. The buyer is permitted to receive all title documents of the property. The title should be without any disputes over the property ownership. If you are looking to purchase a property in Nova Scotia, you should connect with a good real estate agent comes with authentic house listings for sale in Halifax.
Sale deed
Sale deed is another most major legal document which states that the particular property has been sold and the ownership has been rightfully transferred to the name of the buyer. The buyer should make sure that the property has a free title before carrying off with the sale deed.
Tax receipts
You should carefully check the tax receipts to make sure that the people who are selling you the property has paid all the tax related to that property for the last 3 years to the concerned authorities.
Encumbrance certificate
It is vital to know whether the property you are purchasing is free from any legal dues or not. A duplicate copy of the sale deed needs to be submitted to get the EC. An encumbrance certificate or EC will hold the record of all the transactions that have been done during a particular period of time over the property concerned.
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