What is the purpose of deed of Declaration?

A deed of Declaration is an official property document giving detailed information about real estate. From the type of land to the total area of construction, exact details are to be provided by the builder in the correct deed of declaration format.

What is a Declaration of property?

A declaration in real estate commonly refers to a Condominium Declaration, which is an indispensable legal document for creating a condominium. It includes descriptions of the property, the common elements, the ownership units and the terms and conditions concerning an acceptable use of the residence.

How do I remove a deed of Declaration?

Answer to Q1: No there is no way to cancel the deed of declaration on your own. The builder is required to register all the offices. Only when the OC and CC have been received then only can the possession letter be issued.

What is the difference between deed of Declaration and deed of apartment?

Deed of Declaration is executed by the Owner/Developer for conveying the entire land and entire building constructed thereon. Whereas Deed of Apartment is executed between Owner/Developer and Buyer of each respective Flat in that building, and it is executed after Deed of Declaration is executed.

Can a Declaration be registered?

Deed of Declaration is registered by the Builder, which consists of description of the land on which the building is constructed, and the total no. of apartments, including the common areas. A deed of declaration is a mandatory document, which the Builder will execute.

What is a Declaration of ownership?

A Declaration of Ownership (also known as a “Declaration of Trust”) is a legal document commonly used to set out the interests of individual parties where an asset is held in joint names with others.

What does Declaration of ownership mean?

It describes and has all the detailed information, especially regarding real estate, about ownership or legal rights of a property. The locations of the property, the building’s name as well as the layout are also indicated in the Declaration.

What is DoD in apartment?

DoD is a document giving details of the apartment, its facilities, common areas, buildings and the extent of ownership of the flat buyers.

Can a declaration be registered?

Is deed of apartment necessary?

This is the most important document required for purchasing any property as per law. – Apartment Deed is a Deed or agreement enetered into for sale/purchase of apartment. This Deed was prepared between Builder and the owner of the land before purchasing the said land. The sale deed executed by you is proper document.

What is apartment deed?

– Apartment Deed is a Deed or agreement enetered into for sale/purchase of apartment. This Deed was prepared between Builder and the owner of the land before purchasing the said land. apartment deed is a ‘Sale Deed. of an Apartment. The deed will give you a Clear & Marketable Title to the property.

What is apartment declaration?

The Deed of Declaration (DoD) is a document that describes the property, i.e., the building, all of its apartments, the common facilities such as lifts, generators, fire fighting equipment, pool, gym etc., along with the ownership scheme giving the percentage share of each apartment.