What is Property Law? What do real estate lawyers do and how? This was one of those questions which stayed unanswered for quite a while. But, we’re making things clear for you.
What do Property Matters Lawyers do?
Property Matters Lawyers do all that from title search of a property to debate goal. They need to direct a reasonable level of effort for the property to be aware assuming the title is clear for advancement or deal. Then, at that point, they need to make title search reports or title search testaments according to their client’s prerequisites. They additionally check for forthcoming home loans and suit on the property, to track down a sensible and friendly answer for their clients. They prompt their clients on different property-related matters. They draft MOUs, rent arrangements, leave and permit arrangements, and so on. They additionally handle land or property related questions.
Their clients range from people putting resources to a level to engineers or advertisers. In this way, assuming that you’re a designer attempting to get the land to foster a property, you need to reach out to a land legal counsellor.
What regulations and guidelines do they have to be aware of?
While the scope of regulations relevant to land regulations is broad regulations, similar to The Real Estate (Regulation and Development) Act, Transfer of Property Act, and Contracts Act, state regulations and guidelines like Maharashtra Regional and Town Planning Act, Development Control Rules, and so on are what land legal advisors manage consistently.
The Real Estate (Regulation and Development) Act
As of late, with The Real Estate (Regulation and Development) Act, 2016 [RERDA], Real Estate Regulatory Authority (RERA) has come into place. This regulation was acquainted with safeguarding home-purchasers as well as assisting with supporting interests in the land business. The Act lays out Real Estate Regulatory Authority (RERA) in each state for guidelines of the land area and furthermore goes about as a settling body for rapid question redressal. Under RERDA, all manufacturers and designers have an obligation to enlist their new and continuous ventures with the Regulatory Authority in the event that they are intending to sell the property. Under the law, RERA needs to arrange off a grievance in no less than 60 days of documenting. With RERA set up in a state, one can’t document claims in common courts or high courts.
About Lex Juris
A Mumbai based Law Firm, having professional expertise in handling Corporate Cases, Bank Matters, Property Due Diligence and Constitutional Matters.
The firm was started in the year 2002 by Kezer Kharawala and thereafter it has grown into a leading law firm with impeccable integrity in professional ethics.
Our expertise lies in the professional management of cases relating to Property, Company Cases including Amalgamation, Reconstruction, Mergers and Demergers and Share Reduction, Constitutional Matters, and Civil Suits. In Lex Juris, we believe in providing our best possible services and endeavour to all our clients and treating them with supreme respect so that they can feel comfortable when they come to Lex Juris.