A possession letter or a possession certificate is a legally important document which must be produced by the seller or builder to the buyer. The possession letter has the date of possession.
A possession letter is issued by the Tehsildar or Revenue Divisional Officer in rural and urban areas.
We have established possession letter meaning, let us now look at what is a conditional possession letter.At times you have the building or property in your possession but you are dissatisfied with the work. It can either be faulty workmanship or poor quality building materials, in this case you can obtain a conditional possession letter from the builder and give your complaint in writing to the builder in detail.
Information on Possession LetterA possession letter has a few pieces of information such as:
Property details
Date of possession
Payment timelines for buyers
A possession letter can be used to secure a home loan from the bank.
Now that you know what is possession letter and its importance, you can ask your builder for one and start living in your dream home.
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What is Possession Letter?
Srivats
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2021-04-30T18:43:24+00:00 2021-04-30T21:26:30+00:00Comment
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