Have You Ever Tried Investors Clinic Tips On Real Estate?
Investors Clinic is an ISO 9001:2000 certified firm that provides solutions to different issues pertaining to the real estate sector
. Investors Clinic has built a strong reputation in the real estate industry by dint of its concrete solutions that always does wonders to their clients. The primary motive of Investors Clinic is to give their clients tips that help them to reap benefits.
Q. Is there any difference between freehold and leasehold property?
Investors Clinics reply: A freehold property comprises a house that is being purchased along with the land on which it is built. The tenure of ownership in freehold properties is for an indeterminate length of time. A leasehold property is one that comprises only the house and not the land on which it is constructed. It is a property in which the holder of the interest has the right to only stay, but cannot transfer or sell the property. The holder of the property stay for a specific period of time as mentioned in the lease after the expiry of the date the property has to be returned.
Q. What essential aspects that needs to be considered before purchasing a property which is registered on the name of a company?
Investors Clinics reply: Before purchasing any property, you should verify from the Registrar of Companies that the property is neither mortgaged nor collateral security against any loan etc.
Q. What are the important documents that need to be checked before buying a property?
Investors Clinics Reply: Before purchasing a property, you should look at the sanctioned layout plan, building plan, ownership documents, carryout search, etc. As all these processes are very hectic and requires a lot of legal probing, so it is better to contact an advocate so that he can advise you.