The names of both the parties, addresses, details of the property should be thoroughly checked and cross checked to avoid any problem later on.ĭelaying is another common mistake that many buyers make. Hence, for the buyer it is must to get executed as soon as possible. In case any dispute occurs after buying this property then without Conveyance Deed, the buyer may lose the right on the property.
REGISTERED CONVEYANCE DEED FULL
As only after Conveyance Deed in his name does a buyer get full rights over a property, it automatically becomes an important legal formality. Therefore, it must be top priority for the buyers/allottee/lessee of the property to get the Conveyance Deed done at the earliest. There is a common phrase “the sooner the better”. Gift deeds, exchange deeds, lease deeds or mortgage deeds are also types of conveyance deeds. But remember that all Sale Deeds are Conveyance Deeds but not the other way round. Generally a layman is confused about the difference between a Sale Deed and a Conveyance Deed. This is made on a non-judicial stamp paper and all points of the agreement to sell are duly mentioned herein. This comes under the ambit of the Registration Act and is an important document for the buyer and seller both. A Conveyance Deed is essentially one wherein the seller signs a document stating that all authority and ownership of the property in question has been transferred to the buyer. Acquiring a property is probably the biggest decision that most of us make in our life, so it’s necessary to be on point with our research and precision with all legal terms.
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