Shreyaa Kapoor Instagram – If you are looking into buying a house anytime soon, this is for you! ⬇️
When buying a property, it is important to ensure that there are no ongoing disputes/ loans/ title issues going on for the same. 🫡
This is where an encumbrance certificate comes in!🙏🏼
An encumbrance certificate signifies that the property is free of disputes and has a free title or ownership. 🙌🏼
This certificate reflects all the details on ownership, transactions and any other encumbrances related to land. It provides a landowner with the security to restrict any land disputes against his/her land.🏠
It comes with the following details:
-Name of the property owner
-Property related documents
-Details mentioned on sales deed
-Name and dates of transactions made in a property for a specific period
-Mortgage details, if used to avail a loan or others
The process to get EC differs from state to state, so do check how to apply for one in the state you are in! 🙌🏼
Sharing more such tips around home ownership in the upcoming videos so make sure you follow along!🙏🏼
PS: Concept credits @gauravmotivegroom 👑
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[home ownership, real estate, home loan, personal finance, personal finance hacks] | Posted on 23/Apr/2024 20:00:06
