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An Encumbrance Certificate (EC) is one of the most important documents in property transactions in India. It stands as proof that the property is free from liabilities such as loans, mortgages or disputes. An encumbrance certificate is essentially essential to people seeking to purchase, sell or own properties, as it is a kind of guarantee that transactions will run smoothly and investment will not be harmed. With a deep understanding of the cumbersome procedures involved when applying for an EC service, Sahasra Properties renders its clients with a hassle-free service that deals efficiently in professionalism.
What is an Encumbrance Certificate?
An encumbrance certificate is a legal document that is released by the sub-registrar s office, keeping a record of all transactions in relation to the property for a specific period. This could be the case
• when an application for loans is initiated with financial institutions
• when such property is put up for sale or purchase
• when questions are asked about the ownership of the property and the clarity of the title.
• Needless to say
an EC checks to ensure that the property on sale is free from any form of legal claims and liens, making it an essential part of the real estate transaction.
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