Owning a property in India has always been, and still is, profitable speculation. But, similar to the shares and stocks in your portfolio, your property needs regular attention, maintenance, and concern. But there is a way to reduce property management in India for NRI to bare bones.
Read moreGenerally Encumbrance means monetary and legal liabilities associated with it. Certificate of Encumbrance acts as a proof of legal ownership of a property. Encumbrance Certificate tells the transactions of records of a property and explains whether they had any claims. If a property has no legal claims against its title, then a property owner receives a non encumbrance certificate. Generally, banks also demand for encumbrance certificate if you apply for a home loan. Now we know better why do we need it. You can see the format of Encumbrance certificate containing seven fields. We will be discussing each of them in detail.
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