Buying and selling real estate is not just a financial transaction but also an important decision that affects your future life. Before signing the contract, checking the legal status of the property is an indispensable step to ensure that you do not encounter unnecessary troubles. Below are the necessary measures to check the legal status of real estate effectively.
Checking transfer conditions: To transfer land use rights, the parties must meet the prescribed conditions.
Check basic legal documents: First, the buyer needs to ask the seller to provide complete legal documents of the property. These documents include:
- Land use rights certificate: Also known as "red book", this is the most important document confirming legal land use rights.
Checking the legal status of real estate before buying is an important step to help you avoid unnecessary legal risks. (Photo: Chau Anh)
- Certificate of ownership of houses and other assets attached to land: Often called "pink book", confirming ownership of houses and other assets. In addition, it is necessary to check whether these documents are owned by the owner or not, or whether they are mortgaged or pledged at the bank.
Checking land use planning: Equally important is checking the planning of the area where the property is located. You can consult the planning information at the district/county land authority to ensure that the land you intend to buy is not affected by public planning projects or planning adjustments that change the purpose of use.
Verifying owner information: In addition to checking legal documents, buyers need to verify owner information by comparing the seller's ID card/passport with the information on the land documents. This helps avoid fraud when the seller is not the real owner of the property.
Research the property transaction history: Researching the transaction history of the house or land will help you understand any previous disputes. You can ask the seller to provide previous sales contracts or other relevant documents.
Seek legal advice: If you are not confident in checking the legality, seek advice from lawyers or professional legal consulting units. They will assist you in assessing the legal status and ensure your rights throughout the transaction.
It can be seen that checking the legal status of real estate before buying is an important step to help you avoid unnecessary legal risks. By preparing carefully and consulting with experts, you can be more confident in each of your real estate investment decisions. All information needs to be verified to ensure that your dream of owning a house does not turn into a legal nightmare.
Source: https://vtcnews.vn/kiem-tra-tinh-trang-phap-ly-nha-dat-truoc-khi-mua-the-nao-ar907610.html
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