Property Title & Title Search - Understanding the legal report 

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LSR or legal scrutiny reports or simply legal reports are an integral part of the documents we obtain for sanctioning a loan.
Although different banks are having different formats to prepare such reports, the overall concept remains the same.
If you stay with us till the end you will learn:
1. What are the main constituents of the legal report?
2. How to examine the flow of the title.
3. Best practices that I follow at my workplace.
4. Landlock properties- how to avoid the trap.
A legal report usually comprises of:
A) List of documents verified by the panel advocate.
B) Description of the property/properties.
C) Flow of title for the last 15 or 30 years depending on your bank’s guideline.
Yes, there are other constituents as well like a Search Report, Encumbrance Certificate, Certificate of Genuineness, certificate of validity, and marketability of title which are equally important.
But today we will focus on the First three, particularly the flow of the title which is most crucial to understand.