Issuing a public notice about a property you propose to purchase in publications is always
advisable. The notice has to be published in a daily having wide circulation in the area where the property is situated. The notice is to be published after the sale agreement is executed.
It should contain the intention of the purchaser to purchase the property, the execution of the sale agreement, and also the description and detailed schedule of the property. The notice should invite people having interest in the property to file objections with documentary evidence within a stipulated time. It should also state that in case no objections are received within the stipulated time, the sale process will continue treating the property as unencumbered and no objections will be entertained thereafter.
Notice to the public is only a precautionary
measure and it is not binding on anyone having interest in the
property. They may ignore the notice and many might not even see
the notice at all. The public notice serves the purpose of
qualifying the purchaser as a bona fide purchaser of the
property. However, it is the one of the best methods of
scrutinizing property for double ownership.
The objections received should be verified
along with the documents in possession of such people claiming
interest to ascertain genuineness. Based on the objections the
purchaser may opt to proceed with or cancel the deal.
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