From the point of view of a
seller, the lawyer can help in formulating an appropriate legal contract which
takes into account the best interests of the seller which is known as Conveyancing.
This is even more important when the property being sold is currently under
mortgage. They can then include suitable terms and conditions in the legal
agreement regarding transfer of the mortgage fees to the potential buyer and
can ensure that the seller gets a fair deal out of all this. Another situation
where the lawyer having POA Dubai can help the seller is when the concerned
property has resident tenants and special provisions need to be included in the
legal contract regarding transfer of security deposit and informing the buyer
regarding the validity of the current terms and conditions which the existing
tenants are a party to.
In conclusion, therefore,
though the law professionals can help a potential buyer and seller to make the
most out of their property transfer agreement, both parties should exercise
caution while employing the services of particular law professionals and ensure
that he is licensed and fully capable of rendering the requested services. It
is also applicable to buy, sell, transfer or Property gifting.
Since the market players
participating in the activities involve civilians, any proposed modifications
to be done to the existing laws should ideally be finalized only after
extensive feedback received from all concerned parties like residential as well
as bar associations. This will in turn ensure that the proposed changes are
mostly well accepted by all parties and the government is in the good books of
the general public.
In conclusion, therefore,
potential buyers need to be cautious and fully informed about their rights and
responsibilities when they intend to buy or sell an immovable asset in the
market.
