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.
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What is Form 3 in Property?
Subhra
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2023-06-28T08:52:37+00:00 2023-06-28T09:22:55+00:00Comment
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