The legal review of terms in a property transaction is a crucial step that ensures all deal clauses are lawful, enforceable, and aligned with the interests of both buyer and seller. This review must take place in a controlled, neutral, and confidential setting, ideally handled by professionals familiar with real estate law, registration rules, and regional compliance.
1. At a Qualified Legal Office or Law Firm
- The most appropriate place for a legal review is the office of a registered property lawyer or law firm with real estate experience.
- Here, professionals can:
- Examine the draft agreement
- Cross-check title documents
- Verify compliance with local laws
- Suggest protective clauses for the client
- Examine the draft agreement
2. During a Joint Legal Meeting Between Both Parties
- A joint session involving legal advisors from both the buyer and the seller is often arranged to:
- Resolve clause disagreements
- Finalize wording of sensitive terms (payment schedule, default clause, possession handover)
- Review annexures such as site plans, approvals, and indemnities
- Resolve clause disagreements
- These meetings typically occur at neutral venues like a law office or real estate consultant’s boardroom.
3. Through Virtual Consultations and Secure Document Exchange
- With digital convenience, legal reviews are also conducted via:
- Encrypted emails
- Online document-sharing platforms (e.g., Google Drive, Dropbox)
- Virtual meetings through video conferencing
- Encrypted emails
- Parties exchange marked-up drafts with track changes and legal comments, ensuring all revisions are mutually acknowledged.
4. Before Agreement Finalization and Notarization
- The review must happen before the Agreement to Sell or Sale Deed is signed or notarized.
- Once signed, any change may require:
- Fresh documentation
- Additional registration cost
- Mutual consent for amendment
- Fresh documentation
5. Prior to Submission to Registrar or Authority
- If the document is to be submitted for registration, mutation, or project approval, it should be reviewed beforehand by:
- Legal counsel
- Document writer (only for formatting)
- Sub-Registrar guidelines (to verify stamp duty and legality)
- Legal counsel
6. In Real Estate Advisory Setups (Optional)
- Reputed real estate consultants often offer legal vetting services through their in-house or partner legal teams.
- While advisory inputs are helpful, it is still advisable to conduct a dedicated independent review by a licensed lawyer.