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Wednesday 24 September 2014

ADDITIONS, ALTERATIONS AND CANCELLATIONS TO PROPERTY DOCUMENTS

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Documents are the record of assorted transactions; they contain sure terms, conditions, thought quantity, and names of the parties to the dealings, date of the dealings, clear and complete description of the topic of dealings, thus on create them simply known. For example; Sale Deed of a property contains the origin, flow of the title, gift standing, names of vendor and customer, thought quantity, easementary right and temporary description of the property with measure, construction and limits. They’re the permanent records that are relied on for generations. Such documents should be decipherable, clear, readable, and freed from error and will not produce any doubts or disputes. They mirror the terms of dealings that each the parties have freely consented.
At times, some additions, alterations, cancellations are inevitable, that are detected at the time of execution.Any such alterations, cancellations, additions got to be done before presenting the property document for registration. All such modifications ought to be echt by full signature of all the parties to the documents. But, signature of witness isn't necessary for such modifications. Solely full signatures and not initials or short signature ought to be insisted. For cancellations, the initial words ought to be showing neatness affected off; it ought to be signed by parties to the document. 


Erasing with fluid shouldn't be used. Registering Authority records such additions, alterations, cancellations page wise on the document itself. This validates the additions, alterations, cancellation etc. Any modifications done once the registration aren't valid and don't type a neighborhood of the document. Moreover, the document itself becomes invalid. Copies of the registered documents are maintained at registering Offices and licensed copies issued by such Authorities conjointly record on certified copies the quantity of cancellations, additions and alterations done before registration.They are doing not contain something superimposed, deleted, changed once registration. So, correct care ought to be taken so all the modifications are done before registration underneath the total signatures of all the parties to the transactions. If something needs to be modified once registration a separate Rectification Deed needs to be executed.

Filling up the blanks
Some property documents might have blanks because the needed data are out there solely at the time of execution. Usually date of execution is left blank, till the date is finalised.The small print of demand drafts, cheques like range, name of Bank, branches are all left blank.All such blanks got to be crammed up before presenting the document for registration and will be echt by all the parties to the document or fiduciary underneath full signature.

Attestation
Attestation means that witnessing the documents. Sure documents like can, Agreement to Sale, Sale Deed need attestation. Execution of the documents ought to be witnessed by 2 Persons, who are Major and of Sound mind. Each the witnesses ought to affix their full signature and will furnish their address. Attestation isn't necessary just in case of sure documents.

Thumb Impression
There are many folks who cannot sign. Thumb impression of such folks is taken for execution of documents rather than signature. left thumb impression (LTM) in case of males and right Thumb Impressions (RTM) in case of females got to be obtained on documents for execution.Temporary description “LTM or RTM of Sri/Smt…………………       “has to be written right away below the thumb impression. Because the persons, who affix thumb impression are illiterate, who cannot scan or write, the whole contents of the documents ought to be scan over and explained to them and a separate note thereto impact needs to be annexed to the document ideally signed by an Advocate.

Thus, the transfer or assignment of right, title and interest over the properly, no matter the character of transfer, entirely depends upon the Deed of Conveyance. Any ambiguity, unintended addition or deletion within the Deed might produce to disputes. Therefore, to avoid any unsavoury things care ought to be taken whereas drafting the property documents.

Possession of property
It is important that, the transferer transfers possession of the property in favor of the Transferee. It’s not necessary that actual physical possession needs to be handed over to the Transferee, however even grant of possession can transfer and build right and interest over the property in favor of the Transferee.


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