In every property transaction, after verifying that the land is genuine, a prospective buyer must also verify if the documents presented by the seller/vendor are complete and properly registered. Authenticity of such documents affects any prospective buyer in such a way that the buyer may not be able to register his own interest, resell the property or acquire other documents like building permit.
A step-by-step guide in property search, verification of documents and documentation-
- Ascertain the type of documentation the property has.
- Ascertain the status of the registration of the documents.
- Get a certificate of search/search report from the appropriate department.
- If the property has Certificate of Occupancy, initiate the process of change of ownership or sub-division of property. NB. This must be done before you purchase the property.
- Verify the process of registration of title documents. This will enable your lawyer to advise on the appropriate documents to be drafted and signed during the purchase.
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