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The Property Ombudsman: About OmbudsmanProperty Ombudsman is very important for both the parties buyer and seller, as they creat link between both parties Working at both Federal and Provincial level, the function of the Ombudsman is to provide relief to citizens who have complaints against government functionaries and departments involved in malpractices. Currently, there is no "property Ombudsman" in Pakistan. to add transparency to the real estate sector, there is an urgent need that the four professional governments appoint a property ombudsman in order to provide low cost and speedy justice to people with grievances. The Principle Duties Of A Property Ombudsman Will Be To: 1) Investigate complaints against buyers/sellers, landlords/tenants, estate agents/builders and developers, determine the facts and announce judgment after hearing the grievances of the parties in dispute. 2) Issue instructions for the payment of compensation to the complaints. 3) Help improve the functioning of the real estate sector by highlighting shortcoming related to the way documentation is handled. 4) Suggest measures to the government aimed at enhancing transparency in the way real estate transactions are conducted , as well as new laws aimed at eliminating illegal practices prevalent in the sector.For more details visit Investment Tips Article Tags: Real Estate Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORMy name is Pooja, and i m a student of MBA Finance. I have a blog about
Finance which i used to update frequently. All my knowledge regarding
Finance specially corporate Finance and Investing Terms is on my blog
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