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Query regarding Possesion letter
20-Jan-2025 (In Property Law)
I am going to buy a flat which was constructed and possesion given in 2010. i will be the third owner for this flat. flat is on finance and documents are in bank. while proceeding for the rgistration i came to know that the original possesion letter is missing which was issued to the first buyer from the builder.
Is there any complecation to proceed on this deal.
Hello Sir/mam
There are several legal remedies to deal with it .
You can contact me over phone call for further assistance or advice.
Thank You
Regards
Advocate Kuber Hooda
Punjab and Haryana High Court
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Adv. Kuber Hooda
Panchkula | 700+ Answers
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You can contact the concerned builder to obtain the possession letter, they might charge you. However you must always have the chain of documents before proceeding further and it is also suggested to get the due diligence done before buying any property.
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Adv. Sunidhi Sharma
Gurgaon / Gurugram | 25+ Answers
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We would suggest to not proceed with registration unless you can see the entire chain. Possession letter is must. We can even get it checked from the office in case the current owner is unable to provide it. Additionally, if possession letter is missing, even rates of the property gets reduced since very few buyers buy it otherwise as it may or may not lead to litigation in future.
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Adv. Manjeet Yadav
Gurgaon / Gurugram | 50+ Answers
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1. There will be no issue regarding this possession letter if you are dealing in cash. It will be required if you need funds on loan.
2. The seller will provide the copy of possession certificate/letter from the builder
3.
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Adv. Gurudeep Saini
Gurgaon / Gurugram | 25+ Answers
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