Any individual planning to purchase landed property must be aware of and comprehend the various types of documentation that regulate land transactions. It's unfortunate that only approximately 12% of property buyers understand what documents they should look out for and what purpose they serve. In fact, we once had a client who wanted to buy a house and was willing to transfer the funds without first requesting the necessary documentation. This is why so many investors are duped. However, in this article, we will be talking only about documents required for land transactions.

Having the right title documents that are important and recognized by different government regulations and laws on such landed properties is one of the most crucial strategies for making a claim for land ownership as well as in any landed property swaps. So, what documents should a buyer look out for?

LAND PURCHASE RECEIPT

A land purchase receipt is a normal receipt or document reflecting the receipt of payment for a particular property or land. Usually, the seller issues a receipt to the buyer upon the sale of a property.

READ MORE