mortgage Documentation Asad Ali Jafri House building finance Company ltd JULY 14, 2011

1. mortgage DocumentationAsad Ali JafriHouse building finance Company ltdJULY 14, 2011

2. Collateral Properties or assets that are offered to secure a loan.

3. MarketableTitle Marketable title means that the land is free from all encumbrances and free from litigation.

4. Title Title can be defined as the evidence of the right which an owner has to possess his/her property.

5. Defected Title A title is said to be defected when there is some absence of legal requisite or deficiency, imperfection or in sufficiency in the evidence or when it is encumbered by other interest. The expression “title defects” has come to mean the existence of encumbrances, Restrictions, encroachments and other interest or claims which affects the owner’s rights over the property.

6. Types of Land • Free hold Land • Lease hold Land • Evacuee Land • Cantonment Land • Government granted Land • Allotted Land • Abandoned Properties

7. Types of Rights • Lease hold right • Ownership Right

8. Who maintains Record of Rights • Development Authorities • Land Revenue Departments (Tehsildar/ Mukhtarkar) • Societies • Military Estate Office / Cantonment Board • Evacuee Properties Trust Board • Estate Office of Federal Govt. (Abandoned Properties

9. Forms of Legal Transfer • Sale Deed • Gift Deed / Relinquishment Deed • Allotment Order • Exchange Deed • Will • Grant • Lease/Sub-Lease • License/Sub-License

10. Free hold properties Registered Sale deed • Last JamaBandiOR Certified copy of City Survey extract ORDeh Form (II) • Gift Deed (If property is gifted) • Exchange Deed (if Property is acquired in exchange). Mutation/Transfer 1. NEC • Building Plan duly approved along with covering letter

11. Some Land Related Nomenclature • Khasra : List of folds field Register. Harvest inspection Register. • Khatauni: A list of holdings of tenants. • Khiwat : A list of owner’s holdings. • Shajra : Map, Plan • Shamilat: Village Common Land.

12. Karachi Division

13. Hyderabad/ MirpurKhas Division

14. Sukkur/ Larkana/ Jacobabad/ Dadu/ Khairpur

15. Quetta/ Bolochistan

16. Quetta Lease deed (Patta) Registered QDA Cases • Sale/Purchase Agreement • Final Transfer Deed (Registered). • Sale Deed (Registered) Fard • where still the cost of land has not been fully paid yet) • where the cost of Land has completely been paid • where the house has been constructed and investment is required for further construction

17. Multan/ Bahawalpur Division

18. Faisalabad/ Sargodha Division

19. Lahore/Gujranwala Division

20. Islamabad (Capital Area)Other cities of Islamabad Zone

21. Islamabad (Capital Area)Other cities of Islamabad Zone (…….. Contd…..) c) Lease hold property of Cantonment Area • Lease deed/Sub Lease duly registered • GLR (General Land Register) d) Evacuee Property: • Permanent Transfer Deed • PT-1 • Subsequent Transfer Permission to Assign • Possession order • Site Plan of Plot • Upto date NEC • Approved Building Plan • Letter of approval of the building plan 1. Upto date NEC 2. Site Plan 3. Original Approved Building plan with approval letter

22. Government Colonies/Lease Hold Properties:Sale Agreement duly registeredAllotment orderRural Area property: Oral Mutation (Court Certified Copy) Building Plan + Approval Letter Mutation (Court Certified Copy) Copies of Record of Right (FardMalkiyat) for the Last 12 Years L-20 (HBFC/Certificate of Assurance) by tehsildar (Sakni Certificate). N.E.C. (for the last 12 Years)

23. Possession Slip • Site Plan • Permission to Assign • N.E.C. (from the date of Sale Agreement) • Building Plan + Approval Letter • Aks-e-Shajra • Site Plan • N.E.C. • Permission to Assign (L-19) • Building Plan with Building Permit

24. Peshawar Division/ NWFP

25. Abbottabad/Hazara Division/ Northern Areas

26. Thank You All Q/A