Vetting of Property Documents

DHAKA OFFICE:Address___________________ CHITTAGONG OFFICE:Address_______________
SENIOR PARTNERS:­­SP 1SP 2SP 3 PARTNERS:P 1P 2P 3P 4 P 5P 6 P 7P8

 

ASSOCIATES: A 1A 2 A 3

A 4

Dated: May 27, 2003

Mr. B

VP & Manager

Bank 1

New Elephant Road Branch

92, New Elephant Road

Dhaka-1205

Dear Sir,

Re:      VETTING OF PROPERTY DOCUMENTS ON ACCOUNT OF M/S. COMPANY 1

We refer to your letter dated 21.05.2003 on the above subject. We have perused all the papers and documents referred to us and our opinion is as follows:

1. Owner of the properties : (1) Mr. C son of Mr. X and (2) Mrs. D wife of Mrs. C both of Village Kusumpur P. S. Sirajdi Khan District Dhaka.
2. Description of the properties : All that piece and parcel of land measuring 4 Katha   situated within District Dhaka, P. S. Lalbag, Sub-Registry office Sadar, Mouza Shahar Dhaka, Ward No. 7, Sheet No. 8, 8 (Ka), C.S. Khatian No. 1299, S. A. Khatian No. 3247, C.S. Dag No. 36, S.A. Dag No. 6633.
3. Area : 2 Katha as per deed of sale No. 267 dated 04.01.73.2 Katha as per deed of sale No. 268 dated 04.01.73.Total land measuring 4 Kathas as stated above.
4. Title Deed Referred : 1. Original Deed of Sale No. 267 dated 04.01.1973 executed by Mr. D and four others in favour of Mrs. C.2.      Original Deed of Sale No. 268 dated 04.01.1973 executed by Mr. D and four others in favour of Mrs. E.
5. Bia Deed : No bia deed has been submitted.
6. Mutation : Mutation Parcha in the name of the present owner Mrs. C and Mrs. E have been submitted with DCR from which it appears that the land measuring 06.60 decimals have been mutated under Mutation Khatian No. 3247/15, Dag No. 6633 vide Mutation and Separation Case No. 3100/L/ P-1/78-79 dated 09.06.1979.
7. Khatian : S.A. Khatian No. 3247 and R.S. Khatian No. 11571 have been submitted, but no C.S. Khatian has been referred to us.
8. Chain of Ownership : Without perusal of the C.S. Khatian and relevant bia deeds its difficult to ascertain the complete chain of ownership.However, it appears from the S.A. Khatian No. 3247 that the land measuring 14.60 and 9.70 decimals under Dag No. 6633 & 6653 was recorded in the name of Mr. F And Mr. G.Mr. C and Mrs. E have become the present owner of the land measuring 4 katha by way of purchase from Mr. Mr. D and four others vide Deed of Sale No. 267 & 268 both dated 04.01.1973
9. Ground Rent : Ground rent payment receipt No. C 714811 has been submitted showing that ground rent has been paid up to 1409 B.S. for land measuring 06.60 decimals.
10. Valuation Certificate : Valuation certificate dated 04.02.03 has been submitted.
11. Non-Encumbrance Certificate : Non-encumbrance certificate dated 01.02.2003 has been submitted.
12. Municipal Holding Record : Submitted Municipal Tax payment receipt No. 20484 from which it appears that tax has been paid up to 2002-2003 AD.
13. Wanting papers/Documents : Bia Deed, if any.
14. Opinion : Upon perusal of all the documents we are of the opinion that the present owners Mr. C and Mrs. E have acquired prima facie ownership over land measuring 4 Katha. Bank must be satisfied with the physical possession of the present owner over the said land. The land may be accepted as security of loan.

As requested, we have drafted the following deeds:

1. Deed of Mortgage

2. Irrevocable Power of Attorney to sell the mortgaged land

3. Irrevocable Power of Attorney to sell the hypothecated stocks

4. Undertaking

The file with all documents is returned herewith. Kindly acknowledge receipt.

Should you require any further information please feel free to contact us.

Thanking you.

Yours faithfully,

(___________________-)

Barrister-at-Law

Drafted by:

The Lawyers & Jurists
M.L.Hotel Tower Ltd,208,Shahid Syed Nazrul Islam Sarani,
Bijoy Nagar, Dhaka-1000.
www.lawyersnjurists.com