Every human is a player in the real estate industry. You are either a real estate investor or a consumer of real estate product or services considering that shelter is a basic human need. If this is the case, the real estate space will continually witness stiff competition which will always birth several legal concerns. To avoid these legal concerns in real estate, documentation plays a pivotal role.

The foundation of any real estate transaction, whether property purchase, lease, tenancy or any other form of real estate transaction, lies in the strength of its documentation. There are several documents required in an ideal real estate transaction. For example, the ideal document for a lease or tenancy transaction is a lease or tenancy agreement. For a property purchase transaction, the ideal documents include a Contract of Sale Agreement, Deed of Assignment, an evidence of publication of title in a Government Gazette, payment receipts, survey plans and any other document available to prove ownership.

Without the above listed documents, it is almost impossible to prove title to a real property. Also, where these documents are not properly prepared, title to a real property may be threatened.

Therefore, at 5-Star Listings, our high professional Legal team is available all round the clock to ensure that the under-listed services are rendered to you:

DUE DILIGENCE:
We deploy our industry knowledge to ensure that you are not a victim of real estate fraud or a defaulter of Government regulation. We ensure that we conduct the necessary due diligence to critically determine the originality of the title on your prospective property. Our core duty is to protect you from possible fraud or purchase of properties under Government acquisition.

REAL ESTATE TRANSACTION MANAGEMENT:
Having realised that each transaction is distinct and should be handled as such, we go the extra mile to develop a transaction management technique for each real estate transaction. This includes setting up meetings, analysing available documents, negotiating deals and terms in contracts, management of all necessary parties in closure of a real estate transaction, as well as overseeing and ensuring that relevant documents are executed before final closure of the transaction.

DRAFTING OF REAL ESTATE DOCUMENTS AND CONTRACTS:
As we are aware that each real estate transactions are distinct, requiring different types of documentation, we ensure that we identify the needed documents in each transaction whilst ensuring that the said documents and contracts are in compliance with extant real estate laws. Considering that documentation is necessary to convey title in real estate, we take extra caution and pay utmost attention to details to ensure that our clients’ interests are protected.

PERFECTION OF TITLE:
Several property purchasers are not aware of the need and the benefits of title perfection. Execution of title documents such as Deed of Assignment or Contract of Sale does not sufficiently conclude a real estate transaction. There is a need to ensure that the instrument of transfer of title (Deed of Assignment) is registered with the Lands Registry, this process is called perfection of title. A perfected property document is an acceptable form of collateral to any financial institution. Also, a property owner is entitled to compensation should the Government acquire his property for overriding public interest. It is important to note that the Government is not under any legal obligation to grant any compensation to any property which has not undergone the title perfection procedure, as the title of the property owner is deemed to be unknown to the Government.

With the legal team of 5-Star Listings on your side, you are assured of seamless and safe real estate transactions. With our experienced team of in-house lawyers, we can give you an answer to any question you might have.