Possession letter and Payment Receipt
2 years ago
I have bought a resale flat with no possession letter and payment receipt (made by previous owner to builder) will that be a problem?if it is than what should I do?
A.Hello Sir
Possession certificate or letter is an important document that the seller has to produce to the buyer stating the date of possession. It's issued by the Tahsildar in the rural areas and RDO (Revenue Divisional Officer) in the urban areas. You can also use this letter to secure a home loan from a bank. You could ask your seller to get a new possession certificate for you once the property is registered in your name.
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Possession certificate or letter is an important document that the seller has to produce to the buyer stating the date of possession. It's issued by the Tahsildar in the rural areas and RDO (Revenue Divisional Officer) in the urban areas. You can also use this letter to secure a home loan from a bank. You could ask your seller to get a new possession certificate for you once the property is registered in your name.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hello Sir
It won't be a problem as you would be getting a new possession letter from the person from whom you have purchased the flat. But the possession certificate is a necessary documents which you must get from the seller while purchasing the flat.
Thanks.
Please rate if you find this advice helpful.
It won't be a problem as you would be getting a new possession letter from the person from whom you have purchased the flat. But the possession certificate is a necessary documents which you must get from the seller while purchasing the flat.
Thanks.
Please rate if you find this advice helpful.
Helpful
Helpful
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