In name of a Company, property is registered before purchasing it, what documents should I inspect?
Before purchasing property from a company you should verify from the Registrar of Companies at Securities & Exchange Commission of Pakistan that the property is not mortgaged or is not being used as a security against a loan, otherwise it will not be considered as a freehold property. In addition, check memorandum of association that who is authorized to act on behalf of company for selling the property, if resolution is required then the same must be passed and verified. Further, inspect original title documents from the selling company.
Q. Can corporate bodies use residential properties as office space?
A. It is illegal to put residential properties to commercial use. However, service-based industries are allowed to operate from residential areas.