Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
The document needs list can be referred to as a document checklist for any loan, collateral, property transaction, and so on. Some of the crucial documents in this case could involve property documents, deeds, and so on. This has widespread applicability in the real estate sector.
In the real estate sector, especially for purchases/sale, some of the documents in the document needs list or document checklist may include the original sale deed, RTC document, encumbrance certificate, conversion order if applicable, Khata documents, tax payment receipts, letter of allotment, layout plan, mutation records, building sanction plans, occupancy certificate, building completion certificate, possession letter, NOCs from all Government agencies and other local municipal authorities, utility bill payments, plot allotment letters, and so on. It all depends on the type of transaction that is being carried out in the real estate space.
