Guide to Real Estate Woos of NRI’s: Best Real Estate Attorney Advice in India
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Legal Advice & Solutions for NRI’s & their Estates & Properties in India-8: Best NRI Legal Services in India
How can NRIs safeguard their interest and ownership in their estate and property in India?
In order to protect their ownership and interest in their estate and property in India, Non-Resident Indians (NRIs) must take the utmost care. NRIs are citizens of India who live outside the country for either professional or personal reasons yet have an Indian passport. Although residing overseas, owning property in India might provide certain difficulties, such as maintenance problems, tenancy concerns, and legal issues. To protect their ownership and interest in their property in India, NRIs can, nevertheless, take a number of measures. The steps NRIs can take to safeguard their property rights in India will be discussed in this response.
1. Get a trusted representative in India
Choosing a reliable agent or power of attorney (POA) holder in India is one of the most important actions NRIs may take to protect their interest in their property. This individual is authorised to administer the property on behalf of the NRI owner, including leasing it out, paying taxes, and handling legal issues. It is crucial to select a dependable person who can take care of the property while the owner is away, preferably a family member or close friend.
2. Keep all legal documents in order
NRIs should maintain order in all legal paperwork pertaining to their real estate in India. This comprises, among other things, the title deed, the selling deed, and the property tax receipts. Also, it’s a good idea to get these documents notarized and to have many copies of them about the house. To ensure that all paperwork is current and accurate, it is also advised to update it on a regular basis.
3. Pay property taxes and other dues on time
To maintain ownership and interest in the property, it’s essential to pay property taxes and other obligations on time. To prevent any legal issues or fines, NRIs should make sure that all taxes, maintenance fees, and other dues are paid on schedule. To ensure that everything is handled promptly, it is important to designate a representative to handle these payments.
4. Regular property inspections
NRIs can identify any concerns, such as maintenance issues or criminal activity on the property, by conducting routine inspections of the site. These inspections must be carried out by a reliable individual, such as a paid property manager, a trusted acquaintance, or a family member. By doing this, any problems may be resolved quickly, and if required, legal action can be done.
5. Be aware of legal procedures
The legal processes required to purchase, sell, or rent a property in India should be understood by NRIs. To comprehend the numerous legalities associated with property ownership, such as property transfer, wills, and inheritance laws, it is crucial to get legal assistance from a reputable attorney. NRIs may make educated judgements and stay out of legal trouble by being familiar with the legal system.
6. Fencing your property
NRI can fence off or erect a barrier on his unoccupied land to stop any physical invasion by third parties or the sale of the property to a third party. Indicating the ownership of the property, they can also erect an ownership board.
In conclusion, it is critical for NRIs to protect their ownership and interest in real estate in India. NRIs can safeguard their property rights and benefit from property ownership in India by taking the necessary precautions, such as appointing a dependable representative, maintaining legal documents in order, paying property taxes on time, conducting routine inspections, and being aware of legal processes.
Authored By: Adv. Anant Sharma, Vikrant Rathore & Lehar Saini
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