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Mutation Entry Term Meaning in Real Estate - Guide
An entry in the governmental local body register where any change pertaining to the change in the name of the owner due to death/inheritance/succession, or sale, lease etc. is known as a Mutation Entry. A respective deed or a proof is mandatory to get a mutation entry.
8 years ago
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Reconveyance Deed Term Meaning in Real Estate - Guide
A reconveyance deed is a confirmation where a said property gets liberated from any mortgage binding after the repayments of loans. Such a deed can also be made when a property ceases to be a guarantee for a purpose other than loans.
8 years ago
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Clear Title Term Meaning in Real Estate - Guide
Clear Title of a property means that the realty unit is free from any complications. This is a ‘green flag’ to a sale’s deal.
8 years ago
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Conveyance Deed Term Meaning in Real Estate - Guide
A Conveyance Deed is more or less like a Sale Deed, i.e. a written confirmation of the transfer of ownership and an ultimate proof statement for being an owner. In some cases, a Conveyance Deed is also made in the mortgage, lease, gift transactions etc.
8 years ago
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7/21 or Saat Barra Term Meaning in Real Estate - Guide
A colloquial phrase in Maharashtra real-estate, 7/12 or ‘saat-baara’ is a combination of Form 7 and Form 12 of Land Registration Department, where Form 7 talks about the particulars of the landowners and his rights whereas, Form 12 entails specifics about the land type and usage. They are issued and registered at the local body offices with the purpose of tax collection.
8 years ago
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