The Commencement Certificate is crucial for a buyer because it is a legal document that proves that the buyer has completed the purchase of the property. When applying for a mortgage, the buyer needs this certificate to show the lender as proof of ownership.
This certificate is essential for the transfer of property ownership from the seller to the buyer, as mandated by the law. Without this certificate, the buyer cannot take possession of the property.
Stay tuned with us for the understanding of the 17 checklist points ahead, and follow the guidelines of 11SquareFeet! If you find the video helpful, please do share it, and save it for future reference to avoid potential losses when buying property.