29 Jul

CONFUSING TERMS IN PROPERTY TRANSACTION AND THEIR MEANING

Rectification and Ratification. These are two different words that sound the same. Rectification means to fix a serious mistake on a title document while ratification means a formal approval given to a contract/agreement to make it legal and binding. Rectification is used to fix mistakes in a deed of assignment such as misspelled names, wrong […]

29 Jul

WHAT TO CONSIDER BEFORE OWNING A PROPERTY

Have a good budget. When buying a property, there are many hidden costs that can drive you crazy. But when you plan ahead of time, it will be a piece of cake. Some of the things to include in your budget are: the cost of conducting a search on the land, the price of the [...]