give photo copies and offer original documents for inspection to the builder
it cannot be misused by the builder
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 ?
First answer received in 10 minutes.
Lawyers are available now to answer your questions.
give photo copies and offer original documents for inspection to the builder
it cannot be misused by the builder
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.
Please do not handled over any originals. If they insist, show them the original documents. There's no harm in handing over copies.
- 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.
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.
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
Dear Client,
Hope this helps you; if you still have any clarifications or issues, do not hesitate to ask.