Purchasing a property is not only a dream but also an investment for life. Many necessary documents require your signature before you can buy a property. Although, specific paperwork varies depending upon the exact location of the property.

Also, you need to check whether the property you are about to purchase is a residential or commercial property. And if it is a commercial property, then does it have all the approvals by the Statutory Authority. Even you must verify the actual allotment letter and its originality.

Each of the document required plays an important role in your transaction and you should take proper time to read and review before signing. Never rush into the signing process before studying all the documents carefully because property documents are a crucial part of any property investment.

Below is a list of essential documents required for buying property in Florida:

1) Sale Deed: A sale deed is the core legal document that remarks as the proof of sale and shift of ownership of the property from the seller to the buyer and it has to be compulsorily registered. The sale deed has to be presented in the original as it builds the ownership of the title of the property.

Also, it is necessary to check for compliance of various terms and conditions agreed upon between buyer and seller before the sale deed is executed. The buyer in particular should check whether the property has a clear title and if it is subject to any impediment charges and simultaneously seller should also settle all the statutory payments such as property tax, cess, water charges, etc before the deed is being executed.

2) Khata certificate or extract: Khata certificate is basically known by different names in different states and is a major document for the registration of a new property. In particular, this document is a proof that the property has been entered in the local municipal records and is constructed according to an approved plan.

In short, khata extract is nothing but taking the property details from the assessment registrar. It is required while property buying and obtaining trade licenses.

3) Allotment letter: An allotment letter is another essential document required for the purchase of a property. This document is issued by a developer or the housing authority, explaining the description of the property and details of the cost paid by the buyer to the developer.

Moreover, an allotment letter is issued to the prime owner and other owners can ask for a copy of the actual letter from the seller.

4) Encumbrance certificate: Encumbrance refers to charges in the ownership or liabilities produced on a property that is held against a home loan as security. An encumbrance certificate is needed to confirm that the property does not have any pending legal dues or mortgages.

Also, this certificate includes all the recorded transactions done on the property during the period for which the encumbrance certificate is sought.