The Legal Checklist: What to Look for When Buying Property
Buying a property is one of the most significant financial decisions you'll ever make. Whether it's a home for yourself or an investment, ensuring that all legal aspects are covered is crucial to avoid costly mistakes. Skipping proper legal checks can lead to disputes, delays, or even losing your investment. This blog provides a comprehensive legal checklist of key factors to look for when buying property to ensure your purchase is safe and secure. 1. Clear Title and Ownership The first and most critical step when buying property is to verify the title of the property . The title is the legal right of ownership. You need to ensure that the seller has a clear and marketable title, free from any disputes, debts, or legal complications. Key points to check: Is the seller the rightful owner of the property? Are there any co-owners who need to approve the sale? Is the property free from encumbrances such as mortgages, liens, or outstanding loans? To ensure these factors, you may ne...