Monday 17 April 2023
Tuesday 11 April 2017
Terms used in Encumbrance certificate
Terms used in Encumbrance certificate
- EP — Execution Proceedings
- EX — Executant
- CL — Claimant
- DDP — Detailed Development Plan
- DR — Donor
- DE — Donee
- MR -- Mortgager (Financer)
- ME -- Mortgagee (Present owner or Borrower)
- DTCP — Department of Town and Country Planning
- RR -- Releasor (Previous owner or Financier)
- RE -- Releasee (Present owner)
- PL -- Principal (First Party)
- AY -- Attorney (Agent of Principal)(2nd Party)
- LR -- Lessor
- LE -- Leasee
- FP -- First party
- SP -- Second party
- E -- Execution date (E)
- R -- Registration date (R)
- P -- Presentation date (P)
What is EC (encumbrance certificate) ? How it is important?
EC Encumbrance certificate - is a certificate which shows all the information of transactions that has happened over a period of time which relates to property.
Transactions are;
Who is the Previous owner?
Who is the Present owner?
Is that property Mortgage to any body? like banks, other persons etc.
With all dates
Transactions are;
Who is the Previous owner?
Who is the Present owner?
Is that property Mortgage to any body? like banks, other persons etc.
With all dates
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