During the process of selling residential site in Bangalore is it safe to handover the xerox copies of property documents to the interested buyer for him to go for legal verification
1. IF you do not give the photocopy of the earlier Agreement of Property, THEN how will the buyer party verify the genuinely of the property document ????
2. It is a standard practice to give photocopies of Property Agreement, so that Buyer party can have it scrutinized by his Lawyer and/or Bank for Loan purposes.
Keep Smiling .... Hemant Agarwal
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Yes. You can give the xerox copy of all the required documents to the buyer.
you can give but endorse on the copies XEROX COPIES ONLY for safety purpose.
Let the photocopies of title deed be crossed and provided to vendee for necessary verification before finalisation of transaction.
Whenever any copy of any document (including AADHAR and PAN)has to be given, it is prudent to mention on each and every document the date on which it is given , to whom it was given, the purpose for which it was given, so that one can avoid misuse.
Don't get panic please. You may give copy to the buyer after properly marking it as "This zerox copy is given to......on .....only for......purpose ".
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