Buying & fees
NOC (No Objection Certificate)
An NOC is a developer-issued certificate confirming no outstanding dues on a property, allowing a resale transfer to proceed.
A No Objection Certificate is a document from the developer or master community stating that the seller has settled service charges and other obligations, so it has no objection to the ownership transfer. It is typically a prerequisite for registering a resale with the authorities and protects the incoming buyer from inheriting unpaid liabilities. Timelines and any associated fees for issuing an NOC vary by developer, so buyers and sellers should budget for it as part of the closing process.
Related terms
- Transfer Fee — A transfer fee is the government charge paid to register a change of property ownership, calculated as a percentage of the sale price.
- Service Charge — A service charge is the recurring fee owners pay for the upkeep of shared areas and facilities in a building or community.
- SPA (Sale and Purchase Agreement) — An SPA is the binding contract between buyer and seller that sets the price, payment terms, and conditions of a property sale.