A mortgage deed, also known as a deed of mortgage, is a legal document that serves as evidence of a mortgage agreement between a borrower (mortgagor) and a lender (mortgagee). The meaning of what is form 3 in property is simple. It is a type of mortgage deed that is executed when the property is freehold. There is a specific format for it, so let me share what it is here.
What is form no 3 for property in Karnataka?
A mortgage is an agreement between two parties that gives the lender the right to take possession of your property in case the borrower fails to repay the loan and the associated interest. There is a proper format of form 3 property that you must be aware of. I had it downloaded already and here it is-
Form 3 property
In this form 3 for property tax, several details need to be furnished, like-
Date
Names of the parties
Purpose
Money to be dealt with and more
So this is the meaning of what is form 3 in property.
Opt for NoBroker’s home loan services come with no hidden fees or chargesRead More:
What is a Mortgage Deed? How to Buy Home without Loan? What are the best home loan options available in India currently?Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What is Form 3 in Property?
Subhra
7006 Views
1
1 Year
2023-06-28T08:52:37+00:00 2023-06-28T09:22:55+00:00Comment
Share