As a landowner, you need to collect several documents from the builder after the completion of the construction work. Here are some of the important documents that you should collect:
Allotment Letter: This document is given to you by the builder and contains details such as the construction plans, materials used, architectural details, and features of the property. It is an important document for availing a home loan if required.
Builder Buyer Agreement: This document contains all the important details, clauses, terms, and conditions of the transaction recorded. Some of the important clauses are the time frame of the project, the clause regarding payment, the clause regarding penalties and default charges of the buyer, the title clause, approval sanctions obtained by the builder to undertake the project. This document is important to protect the rights of the parties to a transaction and provides legal implications of the default of either party.
Copy of Possession Certificate: Once the builder has fulfilled all the promises made with respect to the amenities of the property, the floor size, and other associated features of the property, the property is considered ready for possession. After the buyer signs the possession certificate, he is given a copy of the certificate for record purposes.
Allotted Parking Agreement/Certificate: This certificate highlights the area allotted to the buyer for parking of the vehicle and is also an agreement that states that the buyer shall not transfer the parking space to another in any way.
Construction Plan: The builder has to hand over a copy of the construction plan along with block-wise and floor-wise details, approved by the local authority.
Completion Certificate: The local authority issues this as proof that the construction is done as per required norms.
Occupancy Certificate: This certificate is issued by the local authority after the completion of the construction work. It certifies that the building is fit for occupancy and that it complies with all the safety norms and regulations.
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I am a landowner. A builder has completed construction work so what documents do I need to collect from him?
RipalV
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1 Year
2023-12-06T11:10:37+00:00 2025-02-20T22:35:14+00:00Comment
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