Certified copy of sale deed can be furnished as original is lying with bank
better apply for mortgage in same bank and brach
We alredy executed registerd sale deed. We get one sale deed, then first partner put registerd deed for mortgage in bank. Now second partner want to put his share of property in bank mortgage but both them only had one sale deed what to do now ,If second partner want registerd sale deed.
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Certified copy of sale deed can be furnished as original is lying with bank
better apply for mortgage in same bank and brach
There can be registered partition deed between all co-owners of the property and the other partner using this partition deed can take loan for his share.
you can get certified copy of this sale deed from registration authority and on the basis of this certified copy of Sale Deed you can get bank loan.
Dear Client,
You need to take another certified copy of sale deed from the office registrar where you had registered the land.
You can take a certified copy of the said sale deed and produce in other bank if the bank is same then there is no issue.
either you should obtain the original or a certified copy. if the shares are specified then bank will have no concerns.
there cannot be 2 originals when the joint names are in one property, the copy is sufficient.
Hello,
there can be just one registered sale deed. The other person may obtain certified copy of the sale deed from the registry.
was sale deed in favor of a partnership firm?
regards
Partition deed must be executed in counter part. Well, get the certify copy of partition deed from sub registrar office.
1. There can be only one sale deed for a property.
2. The second partner can obtain a certified copy of the sale deed from the office of sub-registrar and apply for loan on the basis of it.
Since there's only one sale deed which has already been mortgaged there's no possibility for mortgaging the same once again without redemption or discharge of earlier loan.
In fact the first partner could not have mortgaged the property without the consent of other joint owner.
So better clarify the actual facts if you are really interested in getting proper legal opinion and advice.