You must make sure you sign a real estate affidavit if you are selling real estate and wish to confirm the property's status. But what does affidavit mean in real estate? A sworn declaration of facts about a property or a real estate transaction is called an affidavit in the real estate industry. Usually, it is used to validate or corroborate specific information that is pertinent to a property's sale or purchase.
Affidavits in Real Estate in India
A legal commitment documented in a document endorsing the seller's property details is as an affidavit in real estate. To demonstrate to a buyer that you are the owner of a property, you might use an affidavit. It is executed on non-judicial stamp paper and attested by a notary public or magistrate.
Affidavits in real estate serve multiple purposes, including:
The property owner may file an affidavit confirming ownership and providing clarity on the property’s title status.
In cases of inheritance or transfer, heirs may file affidavits declaring no objection to property distribution.
If property-related documents like the Sale Deed or Property Card are lost, an affidavit declaring the loss and steps taken to retrieve them is required.
You can use affidavits to officially declare changes in the owner's name or address for property records.
Property owners may submit affidavits to municipal authorities declaring lawful construction or modifications made to the property.
I hope your query should be solved.
Get Notarized Affidavit in Proper Format with Ease via NoBroker
Read more
What does Affidavit Mean in Real Estate?
shikhar
966 Views
1
2 months
2025-03-21T08:13:29+00:00 2025-03-21T08:13:30+00:00Comment
Share