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What Is Legal Opinion
An opinion from lawyers issued in letter form expressing legal conclusions about and/or legal analysis of a transaction or matter which is relied on by the addressee of the opinion
What is the purpose of a legal opinion
Why Legal Opinion Is Important For property
What Is Legal Advice
Legal advice is the giving of a professional or formal opinion regarding the substance or procedure of the law in relation to a particular factual situation
Why do we need legal advice
What will happen if I do not register my property
According to the Registration Act, 1908, any transaction having the sales proceeds of Rs 100 has to be registered. So, practically registration is a must wherever there is a sale and purchase of property or transfer of property. When you register your property, you will be able to establish your lawful ownership on the property.
If you do not register your property, you will not be able to further sell the property. You will also not be able to mortgage your property or raise any loan against the property. In case your property gets acquired by the government, you won’t be entitled to compensation if the property has not been registered.
Is there a time limit for registering a property
The documents needed for registration must be presented within four months from the date of execution. Failure to register the purchase agreement of a property will attract a penalty. If a document that needs to be registered, remains unregistered, then it will not be acceptable by the court of law.
Is legal Aid confidential
We help you with property title check, sale agreement/deed drafting, registration and more! We make your business stand out. Interested? Let's chat.
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