Here are five parameters to consider when selling plots with proper approvals:
Zoning and land use approvals:
One of the most important approvals to consider when selling a plot is its zoning and land use approvals. This determines what the land can be used for, such as residential, commercial, industrial, or agricultural purposes. It’s important to ensure that the plot is zoned for the intended use and that all necessary approvals have been obtained.
Building permits and approvals:
If the plot has been approved for construction, it’s important to ensure that all necessary building permits and approvals have been obtained. This includes approvals for the design, structural integrity, fire safety, and other aspects of the building. The seller should ensure that all relevant documents and certificates are in place and up-to-date.
Environmental approvals:
If the plot is located in an area that is subject to environmental regulations, it’s important to obtain all necessary approvals. This can include approvals for things like water usage, waste disposal, and pollution control. The seller should ensure that the property has been assessed and is compliant with all relevant environmental regulations.
Access and utilities approvals:
Another important consideration when selling a plot is access and utilities approvals. This includes approvals for things like road access, electricity, water supply, and sewage disposal. The seller should ensure that the plot has proper access and that all necessary utilities are in place or can be easily connected.
Legal and title approvals:
Finally, it’s important to ensure that the plot has all necessary legal and title approvals. This includes things like ownership documentation, land surveys, and tax clearances. The seller should ensure that all necessary legal documents are in place and that the property can be legally transferred to the buyer.
In summary, when selling plots with proper approvals, it’s important to consider zoning and land use approvals, building permits and approvals, environmental approvals, access and utilities approvals, and legal and title approvals. Ensuring that all necessary approvals are in place can help protect the seller and the buyer and ensure that the property is legally sound and compliant with applicable regulations.
