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Can a property be sold without a title clearance


13-Apr-2023 (In Property Law)
I own a house in a society of 27 independent freehold houses. The builder had Title Clear certificate and many members took bank loan also. Four years later, somebody claimed that he had done sales agreement with the land owner for the entire land of society. Now I want to sell my house but the prospective customer face obstruction in getting title clearance. Please, advise on the line of action.
Answers (2)

Answer #1
715 votes
Property can be sold without title clearance.
Please understand the purpose behind title clearance, which merely acts as a due diligence step taken by the client. Under the legal principle of caveat emptor.

Title clearance although not mandatory but it is reliable certificate which many vigilant buyers obtain before getting into sadakhat or banakhat.
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What is the clearance certificate?

The key takeaways. The clearance certificate is proof that an individual or company has paid all their tax obligations. The certificate can be used in the event of the sale of business, ownership transfer, or death of a person.

What is the title clear process?

Understanding the Importance Of A Clear Title ... How to conduct a title search. ... Title Issues: Identifying them and Solving Them. ... Title Insurance. ... Examining and Understanding Title Commitment. ... How to deal with liens and encumbrances. ... Resolving boundary disputes and easements.

What is the meaning of title clear report?

Clear title is a title to a property that proves ownership without any disputes or liens. The title clearance certificate, issued by the local government authority of the state, is proof that the property is free of any encumbrances and debts.

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What is a Certificate Of Title? A certificate of ownership is a document issued by the state or municipality that identifies who owns personal or real estate. A certificate of title is a document that proves ownership.

  
Answer #2
595 votes
your builder is having power of attorney or not
your builder is having power of attorney or not

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