DOCUMENTATION
IFT REALTY DOCUMENTATION
– Smart contract documents
– Milestone documents
– Contract agreement documents
– Deed of settlement Our real estate brokerage portal offers a comprehensive suite of documents to support our clients’ needs, ensuring a secure and efficient transaction process.
At IFT REALTY, we provide complete documentation and legal services for both freelance projects and real estate transactions. Our expertise encompasses a wide range of documents essential for seamless real estate transactions, including:
– Purchase agreements
– Title reports
– Mortgage signings – Disclosures – Appraisals
– Surveys
– Home inspection reports
Title Deed: Confirmation of Property Ownership The title deed is a crucial document that verifies the legal ownership of a property by the seller. Issued by the relevant State or Local Government authority, depending on the property’s location, this document confirms the property’s approved use classification (e.g., commercial or residential). Typically, the original title deed is held by the legal property owner, while a duplicate copy is retained by the Land Registry.
The Deed of Assignment is a legally binding agreement between the seller and buyer of a property. This document serves as evidence that the buyer has made payment for the property, and in acceptance of this payment, the seller transfers all rights, title, interest, and ownership of the property to the buyer. . . . . The Deed of Assignment is a critical document, as it establishes legal ownership of a property. In fact, without this document, no individual or entity can claim rightful ownership. It is essential to note that the Deed of Assignment must be drafted by a licensed attorney and signed by the state Governor or a designated official, ensuring its legitimacy and enforceability
Governor’s Consent: Confirmation of Property Transfer. Also known as Governor’s Consent, this document serves as official confirmation that ownership of a property has been successfully transferred. Historically, the Deed of Lease was initially introduced in the 1970s and 1980s, primarily for the transfer of government-owned properties.
Certificate of Occupancy: Confirmation of Land Ownership A Certificate of Occupancy is a title document that verifies ownership of a parcel of land, typically used in rural areas. This document was predominantly used before the enactment of the Land Use Act in 1978.
A Survey Plan is a crucial land document that provides detailed boundary measurements of a parcel of land, accurately describing its dimensions and characteristics. Prepared and authenticated by licensed surveyors, Survey Plans serve a dual purpose: 1. Confirming the exact measurements and boundaries of a property 2. Verifying the actual ownership status of a property
A Purchase Agreement is the definitive document that facilitates the transfer of ownership of a property from the seller to the buyer. This agreement builds upon the Purchase and Sale Agreement, which outlines the terms and conditions of the transaction. Once both parties have fulfilled their obligations as stipulated in the Purchase and Sale Agreement, they will sign the Purchase Agreement, thereby finalizing the property transfer.
A Power of Attorney (POA) is a legal authorization that enables a buyer to appoint a representative, granting them the authority to make legally binding decisions on their behalf. This includes the power to buy, sell, or manage properties, as well as handle financial transactions. The POA document holds significant importance and must be in its original form to ensure authenticity and validity.
A Completion Certificate is an official document issued by local authorities, confirming that a building’s construction has been completed in accordance with approved plans. This certificate is awarded by the local development authority after a thorough inspection of the property, verifying compliance with relevant regulations and standards.
A Tax Clearance Certificate is an official document issued by the South African Revenue Service (SARS), verifying that an individual or entity is fully compliant with their tax obligations. This certificate confirms that all tax returns are up to date and that all taxes due have been paid. To obtain a Tax Clearance Certificate, applicants must possess a valid income tax number. If a client does not have an income tax number, they will need to obtain one before applying for the certificate.
The journey to your ideal home begins with a well-designed building plan. This plan must not only be visually appealing but also comply with local zoning regulations and safety codes. Before commencing construction, it is essential to secure building plan approval from the relevant government agency. Building Plan Approval: A Seal of Compliance Obtaining building plan approval is a crucial milestone, as it signifies that your project meets the required standards. This approval provides a guarantee that your investment is secure, ensuring the structural integrity and safety of your dream home.
The Home Inspection Report is a detailed document prepared by a certified home inspector, outlining the findings of a thorough examination of your property. This report highlights any necessary home improvements, repairs, or maintenance, providing a valuable record of your property’s condition. It is essential to retain this document for as long as you own the property, as it serves as a permanent record of any improvements, repairs, or maintenance work undertaken during your ownership.
A Registered Conveyance Deed is a legally binding document that formally transfers ownership of a property from the seller to the buyer. This document is executed by both parties and registered at the local subregistrar’s office, as required by the Registration Act of 1908. The registration process lends legal validity to the transaction, establishing the buyer as the rightful owner of the property. In essence, a Registered Conveyance Deed serves as conclusive proof that the property legally belongs to the buyer, free from any potential future claims. It is crucial to note that failure to register the deed renders the transfer of ownership legally invalid.
A legal document that proves that someone owns property or goods or has the right to take control of it or them .
What is a Receipt? A receipt is a document that serves as proof of a completed transaction between a buyer and a seller, confirming that payment has been sent, received and confirmed.
In real estate transactions, the Closing Disclosure is a critical document that provides a detailed summary of the financial aspects involved in closing a mortgage loan. This document outlines key information, including loan terms, closing costs, and other essential details pertinent to the transaction. In essence, the Closing Disclosure offers a transparent breakdown of the final costs and terms, enabling both buyers and sellers to make informed decisions before completing the transaction. As mandated by the Consumer Financial Protection Bureau (CFPB) in the United States, the Closing Disclosure ensures transparency and protects consumers’ interests. A thorough understanding of the Closing Disclosure is vital for all parties involved in a real estate closing, facilitating well-informed decision-making.
We provide all necessary documents pertaining to project exhibitions, openings, and closings, ensuring that both parties have a thorough understanding of every detail from start to finish. Our team of professional, in-house lawyers is dedicated to breaking down complex documentation, addressing any questions, and facilitating a smooth process. Additionally, we offer agent services to accompany buyers on property visits, should a property be purchased or invested in. If you have any inquiries, please don’t hesitate to contact our support team for further information or to obtain necessary forms for your project deal or property transaction. Once all documents are completed, signed, and stamped, they are securely stored on our blockchain network portal, ensuring the integrity and immutability of the data. This portal is powered by the International Funds Transfer and Tax (IFTT) and the International Revenue Service (IRS), and all documents are also saved in the Government International Real Estate Data Portal.