Lost Deed

[cooltempo]

Hi Members

 

i know it is not relevant to Automobile, but I just need to get some advice if anybody has gone through this.

I lost my house deed a few days ago and until today I couldn't find it.it is a prime property.  I suspect that it was stolen . can anyone misuse it by using the original deed. what precaution steps i should take? can i get another original copy?

appreciate your valuable advice.

 

Many thanks 

 

[Crosswind]

  On 10/17/2019 at 9:12 AM, cooltempo said:

Hi Members

 

i know it is not relevant to Automobile, but I just need to get some advice if anybody has gone through this.

I lost my house deed a few days ago and until today I couldn't find it.it is a prime property.  I suspect that it was stolen . can anyone misuse it by using the original deed. what precaution steps i should take? can i get another original copy?

appreciate your valuable advice.

 

Many thanks 

 

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Go to a lawyer and get a caveat done for the deed. Until it is removed, the property cannot be re-registered under anyone's name.

You actually don't need the original deed to carry out any transaction. If the buyer agrees/understands, you can do a future transaction without the original deed. If you wish, you may lodge a complaint in the police, but there's no surefire way of getting an original deed, unless it is a 'bim saviya' deed. You can also do a gift transfer to a family member. This will allow you to get an original deed.

Just do the caveat before anything else.

[ajm]

  On 10/17/2019 at 9:43 AM, Crosswind said:

You can also do a gift transfer to a family member

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does the full government tax as in a regular transfer apply in this case or only a fraction?

[Crosswind]

  On 10/17/2019 at 3:09 PM, ajm said:

does the full government tax as in a regular transfer apply in this case or only a fraction?

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There is a tax on deeds of gift but it is much lower than that in a deed of transfer. Also note that the tax depends on the declared value of the property.