Important Documents Required for an Apartment Registration in Sri Lanka

December 4, 2020
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Every Property is supposed to have certain legal documents that show the overall information about the property. These documents are provided by the local municipality and also other government departments. Planning to buy a property? Well, get ready for major paperwork as the process involves providing (to authorities and the bank in case you are taking a home loan) and acquiring several documents (this ensures your ownership over the property). Here is a list of documents that are required for buying an Apartment in Sri Lanka:

Title Deed of the Apartment

Every Property in Sri Lanka has a Deed which is a formal document that confirms the interest, right, for the property and Title is a legal term that establishes the lawful ownership of a property owned by an individual or an organization. The “Title” is very important because it establishes the history of the property and it shows how ‘healthy’ is the property. The accepted practice is to check the pedigree of the “Title” going back 25 to 30 years. Therefore, the first step is to get the title clearance through an independent Lawyer/ Notary Public whom you can trust.

Condominium Declaration

Condominium Declaration is a legal document filed in the county or district in which a condominium will be located. Once filed with the appropriate public official, this document establishes the existence of the project and divides airspace into layers of ownership. A Condominium Declaration, also sometimes known as Master Deed, is a fundamental document that establishes the existence of and further governs the use and maintenance of a condominium property. It is regulated by the Condominium Act and it includes legal descriptions of the condominium and of each individual unit, the nature and scope of the development project (when applicable), and several provisions regarding the use of the condominium units and common areas.

Building Plan

Every Building or Apartment Complex has a building plan that shows the overall plan of the building and this is an important document that gests verified by the Municipal Council in the respective District or City.

Certificate of Conformity (COC)

The Certificate of Conformity (COC) is a formal certification that approval or certificate of conformity is granted to a product that meets a minimum set of regulatory, technical, and safety requirements. It is important to obtain the Certificate of Conformity (COC) and it ensures that the Apartment fulfills all the safety requirements of the Municipality.

Approved Lot Plan of the Land

Every Land has a master plan in which every plot of land is surveyed and there is a approved lot plan that is approved by the government. This approved documents is essential in the registration process.

Certificate of Ownership

This is an approved and certified certificate that shows the actual owner of the property or Apartment. This document is also very vital in the registration process. It is provided by the Assessment Department of the relevant Municipal Council in the respective District or City.

Non-Vesting Certificate

Non-Vesting Certificate is also an important document that is required for the Apartment registration and it is obtained by the relevant Municipal Council in the respective District or City.

Street Line Certification

This is also a formal document that is certified and issued by the local Pradeshiya Sabha and this document will clarify the actual street line of the property. The importance of this certificate is that the Pradeshiya Sabha is empowered to take action on building constructed by violating the street line.

Extracts of the Apartment

Extracts are a formal document that shows the overall history of the land and it is essential to check the extracts of a certain land before purchasing it. This document is proof that the property has an entry in the local municipal records and the construction has been done according to an approved plan. Banks ask for this paper before granting you a home loan. It is important to obtain extracts of the land going back to at least 25 – 30 years.

Valuation

Valuation is a formal document that is obtained after the Licensed Valuer values the Apartment in order to show the overall value of the Apartment. The Valuation Process is important because there is a part in the registration process where the buyer has to submit the actual value provided by the valuer to the Inland Revenue Department and then they approve it in order to pay the stamp duty.

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Types of Buyers You Will Confront When Selling Your House

August 8, 2024
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So you have decided to sell your house. Now you will be facing so many types of potential buyers that you need to be aware of to identify and deal in an effective and efficient manner. Let us take a look at the characteristics of some of these buyers.

FULL CASH BUYERS

These types of ll cash buyers have no issues with financing and will be tough to negotiate due to their lowball offers or their fussy demands on repairs/renovations. You will have to be bit flexible with these buyers as they could close the deal sooner if things go well. And on the other hand be ready to walk-away if their demands become appalling.

SCRAPPY BUYERS

These buyers tend to have cash just sufficient to pay the down-payment and go for a home loan. So expect to spend quite a bit of time with these sort of buyers while they go through the process of getting the loan approved. On the positive side, these buyers aren’t that demanding or cocky like the full cash buyers.

WINDOW SHOPPERS

These shoppers are just dreamers who wish to buy a house one day. They are always poking their heads into every house that is available for sale.  They disguise themselves as low-ball hard negotiators but back off when it comes to sealing the deal. If you suspect such shoppers, do get your real estate agent to do some research on these buyers to see how serious or how soon they are looking to buy.

THE COYOTE

If you had your property on the market for a long time and wasn’t able to sell it, you will start to attract these kind of buyers. They will want to do a thorough check on the extent of the damages on the property. Be extremely careful to be honest and disclose all information as it is and be flexible enough to negotiate down on the price. These buyers could be looking for a bargain deal or might be flippers who buy at a deal and then sell later for a higher value.

 

 

How to Make Your Living Room Look Funky

October 7, 2024
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Creating a funky living room is all about expressing your unique personality through bold colors, eclectic furniture, vibrant patterns, and creative decor. Here are some tips to help you transform your living space into a lively and stylish haven:

1. Embrace Bold Colors

  • Vibrant Walls: Choose bright, unexpected colors for your walls like teal, mustard yellow, or deep purple. Alternatively, use bold wallpaper with funky patterns such as geometric shapes, florals, or abstract designs.
  • Accent Walls: If painting all walls seems overwhelming, create an accent wall with a striking color or patterned wallpaper to make a statement without overwhelming the space.

2. Mix and Match Furniture

  • Eclectic Pieces: Combine different styles of furniture, such as a mid-century modern sofa with a vintage coffee table or a bohemian armchair with a contemporary side table.
  • Color Coordination: Opt for furniture in various colors that complement each other. Don’t be afraid to mix patterns and textures for added visual interest.

3. Creative Lighting

  • Statement Lighting: Install a funky chandelier, colorful pendant lights, or unique floor lamps to serve as conversation starters.
  • Layered Lighting: Use a mix of ambient, task, and accent lighting to create depth and highlight key areas or decor pieces in the room.

4. Play with Patterns and Textures

  • Bold Patterns: Incorporate patterns through rugs, throw pillows, curtains, and upholstery. Stripes, polka dots, abstract designs, and ethnic prints can add a lively vibe.
  • Textures: Mix different textures like velvet, leather, wicker, and metallics to add dimension and tactile interest to your space.

5. Add Artistic Elements

  • Wall Art: Display a gallery wall with a variety of art pieces, including paintings, prints, posters, and even DIY artwork. Choose pieces that reflect your personal taste and add color.
  • Sculptures and Decor: Incorporate unique sculptures, decorative objects, and quirky accessories to enhance the funky aesthetic.

6. Incorporate Statement Furniture

  • Unique Pieces: Invest in one or two standout furniture items, such as a brightly colored sofa, an unconventional coffee table, or an eye-catching bookshelf.
  • Functional Art: Look for furniture that doubles as art, like chairs with unusual shapes or tables with artistic bases.

7. Use Creative Storage Solutions

  • Open Shelving: Display books, plants, and decorative items on open shelves to add personality without cluttering the space.
  • Colorful Storage: Use colorful baskets, bins, or vintage trunks to store items while contributing to the room’s aesthetic.

8. Incorporate Greenery

  • Plants: Add a variety of indoor plants in funky pots or planters. Plants not only enhance the visual appeal but also improve air quality.
  • Unusual Planters: Use eclectic containers like vintage tins, colorful ceramics, or macramé hangers to display your greenery.

9. Personalize with DIY Projects

  • Custom Decor: Create your own artwork, repurpose old furniture with a fresh coat of paint, or make handmade cushions and throws.
  • Unique Accents: Incorporate items that have personal meaning or reflect your hobbies and interests to make the space truly yours.

10. Layer with Accessories

  • Throw Pillows and Blankets: Use an assortment of vibrant and patterned throw pillows and blankets to add color and comfort.
  • Rugs: Choose rugs with bold patterns or bright colors to define different areas within the living room and add warmth.

11. Incorporate Retro and Vintage Elements

  • Vintage Finds: Integrate vintage furniture, retro electronics, or antique decor pieces to add character and nostalgia.
  • Retro Patterns: Use patterns from different eras, such as 60s mod or 70s boho, to infuse the space with a funky vibe.

12. Create a Focal Point

  • Feature Wall: Designate a focal point with a large piece of art, a vibrant rug, or an eye-catching piece of furniture.
  • Unique Features: Consider adding a statement fireplace, a bold headboard, or an interesting shelving unit to draw attention.

13. Experiment with Mirrors and Reflective Surfaces

  • Decorative Mirrors: Use mirrors with unique frames to add depth and reflect light, making the room feel larger and more dynamic.
  • Reflective Accents: Incorporate metallic or mirrored decor pieces to catch the eye and add a touch of glamour.

14. Express with Textiles

  • Bold Curtains: Choose curtains in bright colors or interesting patterns to frame your windows and add flair.
  • Layered Textiles: Layer different fabrics and textures through cushions, throws, and rugs to create a cozy and eclectic look.

15. Keep it Functional

  • Balance: While aiming for a funky aesthetic, ensure that the space remains functional and comfortable. Avoid overcrowding the room with too many bold elements.
  • Flow: Maintain a cohesive flow by balancing vibrant colors and patterns with neutral tones to prevent the space from feeling chaotic.

Inspiration Ideas:

  • Bohemian Vibes: Combine rich colors, diverse patterns, and plenty of plants for a relaxed, boho-chic look.
  • Mid-Century Modern: Use sleek lines, retro furniture, and bold colors for a timeless yet funky appeal.
  • Industrial Funk: Mix raw materials like metal and wood with vibrant accents and artistic decor for an edgy, urban feel.

Final Thoughts

The key to a funky living room is to have fun and let your creativity shine. Don’t be afraid to experiment with different styles, colors, and textures until you find the perfect combination that reflects your personality and makes your space uniquely yours. Happy decorating!

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