Financial Services
When dealing with property transactions, several critical documents must be considered. The possession certificate serves as proof that the property buyer has taken legal possession of the property, a vital document when applying for utilities or a loan. On the other hand, the non encumbrance certificate confirms that the property is free from legal or financial liabilities, safeguarding buyers from future disputes. Meanwhile, adverse possession refers to claiming ownership of land by continuous occupation, highlighting the importance of proper legal documentation. The occupancy certificate ensures that the property complies with approved plans and is safe for occupation, while the EC Patta acts as an essential land record in certain regions, especially in Tamil Nadu, proving ownership and title. These documents, with significant legal and financial implications, are essential for every property owner or buyer to ensure a smooth and secure transaction.
