The important characteristics of a sale deed are:Ī sale deed is one type of a conveyance deedĪ sale deed and an agreement to sell are two different legal documents.Īn agreement to sell does not transfer ownership or title of property from seller to buyer. It is a legal agreement between the buyer and seller of the property where seller agrees to transfer his or her ownership to the buyer through sale on meeting certain mutually agreed terms and conditions. People Also Read This: Society Conveyance Deed: All You Need to Knowīefore going further, we must also understand this. Without conveyance deed, property purchase is invalid. A conveyance deed essentially has the following characteristics:Ĭonveyance is an act of transferring ownership of property from one person to the other.ĭeed is the legal document that is a binding contract between two parties and in India it is governed by the Registrations Act 1908.Ĭonveyance Deed is the most important document required to buy a property. The transfer of title can be in the form of either a gift or a lease or an exchange or a mortgage or a sale. It is a legal document that is used to willingly transfer the title of the property from one person to the other. By the end of this article, you will have a reasonable understanding about mandatory property documents like conveyance deed, sale deed, difference between these two documents and so on. Nevertheless, we resolve to clear the air for you. Ask any individual who is going through the process and he or she will tell you certain realities that are horrifying to hear. In the absence of this valuable information, the entire process of owning a house becomes even more nightmarish for prospective buyers, let alone knowing the difference between what a particular document means and why that document is important in the purchase process. To make matters worse, there are hardly any government authorised information outlets from where you can get complete information about the process of buying a house and the legal formalities involved. While the process of buying a house in India is fairly complicated, it is a known fact that the business of real estate is marred with lack of transparency and corruption at the grass root levels. Isn’t it? No matter big or small, after all your owned house is your own. It is everyone’s dream to be a proud owner of a house. Property Document Review (upto Two Documents) Property Registration (sale Deed Registration)
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