# New Delhi: When you buy a new property, the first thing to do is check it out. In other words, the buyer should check whether the particular property is involved in any legal matter or not before purchasing the property. It is often seen that advertisers and sellers sell illegal property with the help of fake documents to avoid liability. Therefore, before buying a property, you should buy it only after being sure of the legal aspects. But how do you know if there is a legal complication in a particular property? In fact, this can be easily confirmed by a Certificate of Responsibility or a Certificate of Incentive (EC).
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Certificate of Responsibility:
If a property is purchased with a mortgage or the property is mortgaged somewhere, the lender imposes a “lien” or some encumbrance on the property. By imposing this charge, the lender ensures that the borrower / owner cannot sell the property until the mortgage is fully paid.
The Certificate of Responsibility or EC is a legal document. This certificate checks whether there is any financial or legal liability for any property. A customer can go to the relevant registrar and receive the certificate of responsibility for any property.
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Why is a Certificate of Accountability required?
Before buying a property, one should know whether that particular property is free of liability or not. Once the customer receives a certificate of liability for the property he intends to purchase, he can easily ascertain whether he is involved in any financial or legal complications. If a load is found in the certificate, it is important to know the details. If a property has more than one owner or partner in ownership, the information is also known using that certificate.
In addition, if a customer wants to buy a property with a loan, he must send a certificate of ownership to the lender.
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Type of Certificate of Responsibility:
There are usually two types of certificates of liability.
- Form 15
- Form 17
Form 15 is provided on behalf of the Registrar’s Office if there is any legal or financial complication in the certificate of liability for the property sought by the candidate.
If there is no legal or financial complication in the certificate sought by the candidate, the Registrar’s Office provides Form 16 to issue the Certificate of Zero Liability.
Zero Liability Certificate:
When a consumer requests a certificate of liability, he is asked to set a deadline. That is, you have to decide how many years you want to know the time information. He will only receive a certificate of ownership for that period. If a property does not have any legal or financial complications within the specified time period and is free from liability in all respects, then a null certificate of liability is issued for that property.
How much does it cost to get a Certificate of Accountability?
The application for the certificate of responsibility varies from state to state. State governments determine these charges based on the location of the property and a number of other factors. Below are the application fees of some states.
| State | Application fee |
| Andhra Pradesh and Telangana (August 18, 2013) |
|
| Kerala (as of March 31, 2016) |
|
| Delhi |
|
| Tamil Nadu |
|
Certificates of Responsibility can be collected online and offline. However, most states must use the offline process for this certificate. That is, you must go to the Registrar’s office and apply in writing. Only a few states have the facility to apply online. Other states also plan to gradually introduce online processes. It takes 15-30 days to receive the information when you request the certificate offline. It needs more in some states and less in others. On the other hand, the certificate of responsibility is delivered within 2-3 days of online application.
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Tags: Certificate of Obligation
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