A sale deed is one of the significant documents in property transactions
A sale deed is a legal document that describes the sale of a property between the parties (buyer and seller). It is proof of ownership. It transfers the rights in the property from the seller (transferor) to the buyer (transferee).
Following rights are transferred to the buyer:
It is essentially a contract and therefore, all the legal requirements of formation of a contract must be fulfilled.
Read: What If Buyer or Seller Breaches Sale Agreement
Proof of ownership:
Once the process of executing the sale deed is completed, the ownership in the property gets transferred to the buyer. The buyer gets absolute right over the property, and he gets the title of ownership.
Sale deed contains the following elements:
Read: NRIs and Commercial Property
This information is helpful –
Resale –
A sale deed facilitates the resale of the property. It is a primary document conferring the title on the buyer. This title can be transferred by him further based on the deed.
Read More: Process of Registration
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