Reliable Transfer of Property Service in Dhaka, Bangladesh

Transfer of property in Bangladesh refers to the handover of the property either by the parties or by operation of law which is governed by the Transfer of Act 1982. In this act transfer of property means an act by which a living person allocates property in present or in future to one or more other living persons which includes a company or associations or body of individuals.

At REIT Ltd we provide composite proficient services of consultancy, advisory, and assisting inland revenue and property matters including resolution of disputes, updating of records, advising on the procurement of authentic documents, assisting in revenue records searches, partition, succession, division, sale, purchase, acquisition, etc. Moreover, we provide general advisory and consultancy services for all property-related matters, disputes, and requirements. We are a Transfer of Property Consultancy in Bangladesh solving all the property-related issues that you face during the transfer and negotiation of contracts by adhering to laws, regulations, guidelines, and specifications.

Property Maintenance
reliable transfer of property service

Registration is Obligatory

According to the law of Bangladesh, the deed by which the property will be transferred is compulsory to be registered with the relevant Sub Registry Office. Non registered document has no such legal value and therefore any party will not be able to impose his/her right if the deed is not registered.

Record of Rights

If the conveyor’s name is not found in the latest Khatian or his/her name is not mutated, the Sub Registrar will decline to register the transfer deed. For this reason, it is mandatory to mutate the name of the transferor in the latest Khatian.

Property Transfer Deed Format

There is a predefined format for the relocation of property set by the Government of Bangladesh, by a gazette notification. The format needs to be used for any kind of property transfer.

REIT Ltd is the Trusted Partner to help you in completing all the procedures for Transfer of Property

We advise and provide full suite consultancy services for transfer of property matters including, assistance in obtaining title clearance documents, authentic search reports of concerned offices of Sub-Registrar of Assurances, inheritance, gift, donation or trust formation, etc. Not only that we also assist in land acquisition-related matters, Agricultural Land property, advisory services on taxation, on the transfer of property by sale, gift, purchase, lease, donation, merge, etc.

  • Know the valuation or the market price: We help you to ensure all kinds of support so that you get the precise valuation of your property before transferring it. It will also help you to get a clear idea about the fluctuations of the capital gains tax event (CGT event).

  • Warranty deed: We help you to process to get a warranty deed in order to transfer the property to another person’s name. It is also referred to as the “Grant Deed”. This approach of transfer is the transfer in ownership of the property and promises transfer of property of the owner to the transferee.
  • The legal description of the property: It is very much important to mention a precise legal description of your property at the time of transferring. We help you to fill in the details like your present and permanent address, landmark, few specifications, and dimensions are the details which are needed to be mentioned.

  • Purchase price:  If you are selling the property, you need to enter the purchase price. If you’re gifting the property, you will need to mention the nominal monetary amount in the form.

  • Notarizing the deed: While you’re transferring or notarizing your property, it is a vital factor to find a suitable notary public in order to notarize the deed. We at Azuwa Resources can help you notarize the deed from a trusted source.

The procedure of Transfer of Property

Property transfer is not as easy as you might think. If you own a it in Bangladesh and wish to transfer it to another person’s name you always need to think legally. We can help you complete all the processes of transferring following all the legal guidelines and policies. As, it can vary from a unit to flats, apartments, houses, holiday houses, vacant blocks of land, and rental properties. So, there are four types of transfer of property possible in  Bangladesh which are Sale, Lease, Exchange, and Gift. Property can be also transferred by way of inheritance and mortgage.

The contract for Sale: A contract for sale is formed between the seller and buyer when the seller and buyer agree to sell and purchase the property at a later stage. This contract builds a personal obligation between the buyer and seller, the possession of the property is not transferred by a contract for sale. A contract for sale needs to be registered with the relevant Sub Registry Office.