Caveat
Purpose of the Property Caveat Information
While buying a property, it is always advisable to check for caveats and confirm the property owner. Not considering the search for caveat may pose a potential threat in the form of hidden claims or encumbrances on the property by other parties that the seller and buyer may be completely unaware.
But what is the caveat? The caveat is lodged on a property to claim in a legal way of alerting any individual to restrain from buying a property. So when you as a homebuyer planning to buy a property or you as a property agent evaluate a property on behalf of your client, it is important to search for caveats on the property and assure that a property is free from caveats and the seller solely holds the title.
How caveat services benefit a buyer?
Assume, if you fail to search caveat for a property, and what if that seller’s property holds a caveat? In that case,it may lead to litigation making youlose your peace of mind. But what really sets smart property agents and home buyersapart from the rest of real estate users is leveraging the power of i-PAP.
Sign up for the property data intelligence, i-PAP’s caveat services which show you if there are pre-existing caveats lodged on your prospective property. As such restrictions may prevent you from becoming the owner of your prospective property.
How to find a caveat service?
Access i-PAP, input a few vital property characteristics such as the block number, the street name that identifies a property’s exact location, and the unit. There you go with a hit of a button!
You get an easy-to-read pdf document furnished with a data-rich furnished caveator, caveatee to know whether the prospective property is free of encumbrances and other outstanding issues or restrictions that may affect the transfer of ownership. Sign up at i-PAP today to search for caveats on your prospective property!
Relevant Topics
Legal Requisition
- What is legal requisition all about?
- Information that lawyers can fetch from legal requisition
- Queries raised in legal requisition by lawyers
Caveat
- Purpose of the caveat
- How Caveat Search Helps Property Agents
- Details needed to check for a caveat on a property
Bankruptcy
- What is Bankruptcy And why to conduct the bankruptcy search?
- Conduct Bankruptcy Search Before committing on Financial Transaction An Individual
- Details needed to check for a caveat on a property
Anti Money Laundering
- Money Laundering in Property Investment
- Why Anti Money Laundering Check Crucial
- What happens if | fail to check AML?
BCA
- Why Check If Your Building Complies BCA Standards
- What singapore Homebuyers Should Look Out For Before Buying Property?
- Details needed to check if your prospective property has got BCA
TOP and CSC
- All about TOP and CSC
- When a developer is granted CSC?
- When a development qualifies for TOP?
Planning Decisions Information
- Buying a property planning decisions information
- Does planning decisions information an a property for sale add to its value?
- Details needed to check if your prospective property has complies with planning decisions information
Corporate Information
- How can I get company details in Singapore?
- Importance of choosing a reliable partner
- Details needed to verify if a company is registered in Singapore
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