• Photocopies of the complete chain of property for entering into collaboration agreement

I am in the process of entering a Collaboration Agreement with a Builder in New Delhi. No Documents have been signed as yet. He is insisting on verifying the Complete Title Chain of the Property . He informed that this is for the purpose of availing a prospective Bank Loan in future. Should I just let him go through the originals OR also hand over Crossed Photocopies of the various documents (as asked by him) ? Can this handing over of Crossed Photocopies be misused ?
Asked 8 months ago in Property Law
Religion: Sikh

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7 Answers

give photo copies and offer original documents for inspection to the builder 

 

it cannot be misused by the builder 

Ajay Sethi
Advocate, Mumbai
99841 Answers
8148 Consultations

you can handover the photocopies of the documents and make an endorsement in the copies that they are given for the purpose of reference only and put your signature and date in it. 

T Kalaiselvan
Advocate, Vellore
90043 Answers
2498 Consultations

Please do not handled over any originals. If they insist, show them the original documents. There's no harm in handing over copies.

Swaminathan Neelakantan
Advocate, Coimbatore
3071 Answers
20 Consultations

- Only a photo copy of the property document in the absence of original having no value in the eye of law. 

- You can handover the photocopy of the same to him , however for your peace of mind you can mention at the first page of the said photocopy that it is being given for the verification only and nothing more. 

Mohammed Shahzad
Advocate, Delhi
15821 Answers
242 Consultations

Show him originals for verification.
Give only crossed ("For Collaboration Purposes Only") signed photocopies if absolutely needed.
Do not hand over originals or uncrossed copies — crossed copies reduce misuse risk (like fraud or unauthorized use).
Also, take a written acknowledgment of any photocopies handed over.

Shubham Goyal
Advocate, Delhi
2113 Answers
16 Consultations

Yes you can make him inspect and supply crossed photo copies with endorsement on it stating provided for purposes of verification. also take an acknowledgment on a covering letter from him

Prashant Nayak
Advocate, Mumbai
34554 Answers
249 Consultations

Dear Client,

  1. Let him view originals first before you, but you don't part with them.
  2. Crossed Photocopies: You can give photocopies with "For Verification Purpose Only" stamped across each page, dated and signed — this prevents misuse.
  3. Precaution: Even crossed copies can be misused sometimes; thus, provide copies only after a simple draft agreement or MOU is signed to determine mutual intent.

Hope this helps you; if you still have any clarifications or issues, do not hesitate to ask.

 

Anik Miu
Advocate, Bangalore
11020 Answers
125 Consultations

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