A Sale Deed precisely defines the priorities of both the parties thereby minimising the uncertainty
and providing legal protection.
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A sale deed is a legal document that showcases the transfer of title, rights, and ownership of a property from a seller to a buyer.
It is the most important document that legally reports the proof for the buyer and seller. It is an essential document for both the buyer or the transferee and the seller or the transferor. The purchase or sale of the property is not legally complete until a sale deed is signed between the buyer and the seller. Normally, a sale deed is signed only after both the parties are satisfied and comply with the terms and conditions.
The deed protect the rights of both the buyer and the seller. A specific, well-drafted deed will avoid ambiguity and minimise legal risks.
Defines The Area
For the buyer, a key advantage is having on paper a well-defined description of the property that is being purchased, including the square footage and the location.
There are few additional benefits of a sale deed which is as follows:
In general, a sale deed should include the below-mentioned details-
Both the seller and the purchaser have to keep all the important documents in the sub-registrar office to confirm the sale deed and close the deal. The registration of a sale deed includes:
The cancellation of a deed can be done bilaterally by the seller and the purchaser if there is an agreement to this effect. The cancellation process is done only if one party demands for cancellation and the other refuses to accept it.
The sale deed is the most important piece of paper required for a property purchase. It has to be produced in original as it established the ownership of the title of the property.
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