A commencement certificate is a RERA-approved document issued to developers by local municipal authorities. This mandatory document certifies that the builder has fulfilled all the legal requirements. It is proof that the construction has the required clearances from the government.

This house is safe and built as per regulations; you can now live in it. An OC is a legal document that attests that a particular building has been built in accordance with the authorised designs and is currently prepared for occupancy. Only after a comprehensive assessment and after the authorities have determined that the building is suitable for possession is OC granted. Homebuyers should ideally only move into a building once they have gotten the OC because connections for public utilities like water and electricity may only be requested after acquiring the OC.

A legal document, is given to a Building Project once it has been fully completed in accordance with an approved building plan, as per the Building Act of 2004. After the relevant authorities have visited the site and reviewed all the paperwork, they issue a completion certificate to any Building project that hasn’t broken any applicable building bylaws. Securing a CC for a housing project falls to the developer. Completion certificates are typically needed before a building can be sold or rented because they reassure potential buyers or tenants that the home is safe to occupy and complies with the law. They might also be necessary for lenders or insurance companies to finance or insure the property.

An allotment letter, issued by a builder or authority, confirms your selection of a specific property unit and outlines key terms like area, price, payment schedule, and possession date. It’s a binding agreement, but doesn’t transfer ownership. Think of it as a confirmation and receipt for your chosen unit. It guarantees your claim to the chosen unit and sets the stage for further processes like payments and construction progress. It’s important to review the letter carefully and understand its terms before signing.

Confirms legal ownership of a property.
The Possession certificate is a legal document provided by your local governing authority once you purchase a property. It certifies that you are the rightful owner of a property.

An Encumbrance Certificate, often referred to as an EC for property certificate, is a fundamental legal document that serves as an official confirmation of the property’s free title/ownership status, indicating whether it is mortgaged or has any legal dues. This certificate is vital for property buyers as it ensures a transparent and hassle-free transaction process. You can obtain an EC Certificate online, simplifying the verification process for potential buyers and sellers.

Mutation is the process through which the name entry is changed in the government records once a property has been transferred in the name of a new owner. Land and property mutation helps the local authority to fix property tax liability and charge it accordingly..
• When you buy a property
• When you inherit a property.
• When you receive a property through a gift or a will.
• When you purchase a property through a power of attorney.

The Khata Certificate is a document which identifies the ownership of a property. It is provided to a taxpayer for registering a new property, transferring any property or for availing the various amenities such as water connection, trade license, building license, etc.

Khata Extract is document provided by local govt. authorities to the owner of a property to assess the property taxes indebted by the latter. These documents serve its purpose during the registration and sale of a property.

Extract is an important document needed for various Financial and Legal transactions pertaining to the land, such as buying or selling, taking a loan and transferring ownership. It is also called Saatbara 7/12 Utara in Maharashtra.
7/12 extract is a combination of Two Forms – Form No 7 (VII) and Form No 12 (XII).
Form 7 gives the names of owners and occupants, their rights, and details about the plot and the crop. Form 12 provides details about the agricultural aspects of land such as the type of crops produced on the land, the cultivable land area and the uncultivable position.

A Mortgage Deed is a legal document which can be used as evidence of a mortgage agreement between a borrower and a lender. It outlines the Terms and Conditions under which the borrower pledges their property as security for a loan. The deed facilitates the transfer of interest in the property from the borrower to the lender, subject to the borrower’s right to redeem the property upon loan repayment.
Types of Mortgage
• Register Mortgage Deed
• Equitable Mortgage Deed
• Simple Mortgage Deed
• Mortgage By Conditional Sale
• English Mortgage Deed

A will deed gives you authority over your possessions after death. It lets you clearly and precisely chooses who gets your property, goods, and stuff. It comes with guidelines on the distribution and disposal of property and assets, ensuring that there are no future legal disputes amongst the heirs. However, it may be changed or revoked by the testator anytime.

A registered will is a will document that has been officially recorded with the appropriate government authority, usually the local registrar or the relevant legal entity responsible for maintaining such records. Registering a will provides additional authentication and evidentiary support, making it more secure and less prone to challenges

A Gift Deed is a legal document that is used to transfer ownership of a property from one person to another as a gift. It’s a simple yet powerful way to show your love and appreciation for someone by giving them a gift that they can cherish for a lifetime. Well, unlike a Sale or Purchase Agreement, a Gift Deed doesn’t involve any exchange of money. It’s a pure act of love and generosity from one person to another. It’s also different from a Will Deed as it doesn’t come into effect after the donor’s death, it transfers the ownership of the property immediately.

A partition deed is a vital document in India for dividing jointly-owned properties, often within families, ensuring a fair distribution of assets and responsibilities among co-owners. It prevents disputes and provides legal clarity, following the Indian Registration Act of 1908. Defining each co-owner’s share, minimizes potential conflicts, promoting harmony within joint property arrangements. Understanding this document is crucial for navigating property division in India. In this article, we explore the significance and key elements of a partition deed in the Indian context.

A warranty deed is a document used at the time of the sale of a property. It guarantees the buyer that the seller has the right to sell the property and the property is free of debts and liabilities. The buyer has the right to get compensation from the seller if any issues emerge.
A general warranty deed provides the maximum security for the buyer since it involves crucial guarantees or agreements transferred to the grantor. The seller’s guarantee does not cover the entire property in a special warranty deed. The seller only guarantees to the buyer the concerns that arise during the period of the seller’s ownership over the property.

A legally binding document that formalizes the rental arrangement between a landlord & a tenant. It outlines the terms, conditions, & rights of both parties regarding the leasing of a property. The lease deed specifies important details such as the duration of the lease, rent amount, payment terms, maintenance responsibilities, and any additional clauses or provisions agreed upon by both parties.
Understanding key terminologies is essential when dealing with a lease deed. Familiarize yourself with these terms:
• Lesser – The lesser is the legal owner of the property that is the subject of the lease.
• Lessee – the Lessee is the individual who acquires the rights to use and enjoy the property under lease from the Lesser.
• Duration- The time or period for which the rights to use and enjoy the property are given is referred to as the duration. The lease can be for a certain period, either explicitly or implicitly, or it can be for an indefinite period.
• Premium or Rent- Generally, it is considered to give the right to use and enjoy the property. Rent is a term used to describe the payment of money or any other valuable items regularly or at given specified times or intervals.

A Deed of Power Of Attorney is a legal document by which the Principal Grants his Agent certain powers to conduct and execute certain actions or deeds on his behalf.