Agreements and documents
Encumbrance certificate (EC)
A certificate from the sub-registrar listing registered transactions on a property over a period. It shows mortgages or sales that may affect title.
Also called: EC
An encumbrance certificate lists registered transactions on a property, such as sales, mortgages and leases, for a chosen period. A clean EC means no registered charges were found in that period.
Lenders ask for an EC on the project land, and buyers increasingly ask too. If the project land is mortgaged to a lender for construction finance, buyers will see that charge. Prepare a short explanation and the lender's NOC for sale so the question does not stall a booking.
Related terms
Put your next launch on LeadOne AI.
Write to us for a demo on your own project's units and price list.Your reps can download the app today.
Android: coming soon to Google Play
hello@leadoneai.comAndroid: coming soon to Google Play