Purchasing a home is likely to be the biggest investment of a person’s life, and such a huge transaction needs competent legal assistance. This is why eLegal has provided you with free real estate lawyer advice online in UK since one must exercise extreme caution while purchasing a home should one’s hard-earned money be wasted. Any citizen of the United Kingdom, the United Arab Emirates, or Nigeria dreams of owning a home. Whether you’re a family looking for the right home or an experienced investor wanting to invest in real estate, we can help. After deciding on a home, one must navigate a tangle of regulations and paperwork to ensure that the property is accurately recorded in his/her name.
Many businesses offer free legal online advice in United Kingdom; however, eLegal guarantees that you receive the best advice possible by linking you with world-class attorneys online. We deliver what our customers deserve, which means we offer the most affordable legal assistance. So you don’t have to be concerned about hefty legal expenses because we provide the same service at a much lower rate. Now we’ll go over several issues that we believe everyone should be aware of before purchasing a home. Let’s understand what are they.
- Approved construction Plan- Before moving on to the next stage, be sure the building plan has been allowed.
- Freehold or Leasehold- The second documentation to examine is whether or not the land is freehold and free of restrictions and limitations.
- Constructing By-laws- It’s important to familiarise yourself with the local bye-laws in the region where you wish to buy a home, as well as to make sure the builder is following them. We have the most skilled attorneys at eLegal who can advise you to ensure that all laws are obeyed during the property’s development.
- NOC from various authorizations – It’s important to double-check with the builder to see if the water, power, and elevator authorities have given their consent.
5. Do not sign without a precisely declared penalty condition in the last contract – The final agreement to sell the property must include a penalty provision that spells out the buyer’s rights in the event of a builder default. The default might be due to the builder’s delay in taking ownership of the unit or non-compliance with the contract’s conditions.
It is suggested that one must enroll for law and legal services in UAE to have the final agreement prepared or verified for clarity. At eLegal, we connect you with the best lawyers in all real estate matters with a simple telephonic communication or email. Contact us today to get started.