What Is Possession Certificate?
Possession Certificate or Letter Is an Important Document That the Seller Has to Produce to the Buyer Stating the Date of Possession. .. . You Can Also Use...
Possession certificate or letter is an important document that the seller has to produce to the buyer stating the date of possession. ... You can also use this letter to secure a home loan from a bank. The certificate also consists of the timeline within which the buyer has to make the final payment.
What does possession certificate mean?
Possession Certificate is a legal document transferring possession of the land from the first owner to the buyer, meaning land has already been passed to the buyer for payment of some amount fee, along with interest on the property.
What is meant by possession letter?
A possession letter is a document issued by the developer in favour of the buyer stating the date of possession of the property. It is issued after the developer gets a completion certificate from the designated authority. ... A possession letter does not make the buyer the legal owner of the property.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
